Core Documents

  When it comes to offering competitive employee benefits while reducing tax liability, few options are as effective as a   Section 125 Premium Only Plan (POP) . A properly structured   POP plan document   not only helps employers cut payroll taxes but also allows employees to pay for eligible insurance premiums with pre-tax dollars—boosting overall take-home pay and employee satisfaction. In today’s competitive market, businesses of all sizes can benefit from understanding how a  Section 125 plan design  works and why a compliant, up-to-date POP plan document is essential. What is a POP Plan Document? A  POP (Premium Only Plan) plan document  is a legal document that outlines the rules and structure of a Section 125 plan. It enables employees to contribute to their portion of health, dental, vision, and other qualified insurance premiums on a pre-tax basis, lowering their taxable income. This document must be adopted by the employer and made avai...

  Small businesses often face challenges when it comes to offering comprehensive employee benefits. Balancing competitive packages with limited budgets can be tricky. However, a   HRA for small businesses   presents an ideal solution—offering flexibility, cost control, and tax advantages for both employers and employees. With rising healthcare costs and growing expectations from job seekers, it’s essential for small business owners to explore innovative benefit solutions like HRAs. Let’s break down what an HRA is, why it works so well for small businesses, and how you can implement it with ease using one of the nine HRA plan designs available from Core Documents. What is an HRA? An HRA is a tax-advantaged plan that allows employers to reimburse employees for qualified medical expenses and/or health insurance premiums. Unlike traditional group health plans, HRAs provide more flexibility and control, especially for businesses with fewer than 50 full-time employees. Emp...

Small businesses often struggle to offer competitive health benefits due to the high cost and complexity of traditional group insurance plans. Fortunately, the  Qualified Small Employer Health Reimbursement Arrangement (QSEHRA)  offers a powerful, tax-advantaged alternative—especially when supported by experts like  Core Documents , a leader in affordable HRA plan document solutions. QSEHRA is designed specifically for businesses with fewer than 50 full-time employees that don’t offer a group health plan. This IRS-approved arrangement allows employers to reimburse employees— tax-free —for qualified medical expenses, including individual health insurance premiums. It’s a simple, cost-effective way to support employee health while keeping overhead low. What Is a QSEHRA? The  Qualified Small Employer HRA , created under the 21st Century Cures Act, allows small employers to allocate a set monthly allowance for their employees' healthcare costs. Unlike a taxable bonus or ...

  For working parents, childcare costs can be a significant expense. Fortunately, a Flexible Spending Account (FSA) for dependent care allows families to set aside pre-tax dollars to cover eligible childcare expenses, making it a smart way to save money. Understanding how tax-free childcare expenses work through an FSA can help parents maximize their savings and manage childcare costs more effectively.  Tax-Free Childcare Expenses FSA What is a Dependent Care FSA? A Dependent Care Flexible Spending Account (FSA) is an employer-sponsored benefit that allows parents to contribute pre-tax income to pay for qualified childcare expenses. By using this account, parents can reduce their taxable income and save money on necessary childcare services. Eligible Childcare Expenses Funds from a Dependent Care FSA can be used for various childcare expenses, including: Daycare and Preschool  – Costs for licensed daycare centers, nurseries, and preschools. Babysitters and Nannies  –...