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To The Point Podcast: Mid-Year Plan Changes and Qualifying Life Events

 

A Section 125 cafeteria plan allows employers to extend an opportunity to employees to purchase certain benefits on a pre-tax basis. Section 125 plan rules are governed by the IRS and pre-tax benefit elections are irrevocable except for reasons permitted under the IRS Code. Listen in to this podcast to learn about permitted election changes and hear a few real life scenarios employers have asked our L&P team.