Discover how to pretax insurance premiums and reduce taxes. Discover how to pretax medical & dependent care expenses. Discover how to pretax HSA savings through the Section 125 POP Plan Discover how employers reduce the cost of providing employee benefits. Discover how to hire your spouse and take 100% benefit tax-deduction. Discover how employees deduct transit and parking expenses.

Core Documents Provides:

• Free Consulting and affordable Plan Documents (pictured on the right) required to establish Section 125 Premium, FSA and HRA Plans.
• Web-based Administration with Debit Cards starting at $8 a month.
• Free Do-It-Yourself Software for Administrating Section 125 FSA, HSA and HRA plans when you purchase a plan document.

Notice To All Employers: Section 125 Premium and FSA Plans should be updated to comply with recent changes in the Code.
Core Documents has completely updated all Section 125 Cafeteria Plan Documents in accordance with new IRS Code REG-142695-05 - 26 CFR Part 1 making sweeping changes to Section 125 - Cafeteria Plans. All Employers who sponsor a standard Premium Only Plan; or the Health FSA; and/or the Dependent Care Assistance FSA and any combinations of these Plans need to update their existing Plan Documents by January 1, 2010. These new regulations will effect the way Employers administers their Cafeteria Plans. Plan Documents that are out of compliance could be disallowed due to new changes.

About Core Documents, Inc.
Since 1997 Core Documents has been the primary source in the US for affordable IRS and DOL compliant Section 125 plan documents that allow employers and their employees to pretax, or avoid paying income tax on group health insurance premiums, healthcare expenses not covered by insurance, dependent and adult daycare, as well as parking and commuter expenses. The Internal Revenue Service under Section 125 of the Code maintains that employers must establish a written plan document before these tax deductions are taken. The Department of Labor requires employers to establish a Summary Plan Description or SPD in easy to understand language that should be distributed to every employee participating in the plan. Core Documents provides employers with everything they need to be fully compliant with these requirements. Core's Section 125 plan documents are custom prepared for each client. These are not "fill-in the blank" or "check-box" templates.

New HSA and HRA Plan Opportunities
With the addition of HSA and Section 125 plans and Section 105 HRA plans, employers have more options to reduce health insurance premiums and taxes through the use of high deductible health plans (HDHP). Some of the premium savings can be used to cushion the effect of these new high deductibles to employees through either employee funded (HSA) or employer funded (HRA) spending accounts.

Administration for Section 125, FSA, HSA, HRA & Transit Plans
Section 125 Cafeteria Plan administration is available for those clients who prefer to outsource Section 125 FSA, HSA and or HRA administration. We provide a state-of-the-art web portal for 24/7 access to account information and funds via debit card.

Administration Software
Do-It-Yourself administration software is available FREE to clients that purchase plan documents for Section 125 Cafeteria Plans, FSA, HSA, HRA or Section 132 parking and transit plans.

See the press release Core Documents Announces Flex Affiliate Program for Accountants, Payroll Companies and Insurance Agents.

How would you like to help your clients with cutting-edge healthcare solutions and benefit tax relief by becoming an Affiliate of Core Documents? Now you can private label our entire web site with your name, logo and contact information. If you're an insurance agent, broker, TPA, CPA, accountant, bookkeeper, PEO, payroll or insurance company contact Gene Ennis at 1-888-755-3373 for more information.

President Obama signs 2009 Stimulus Bill - increases Commuter Transit Benefit from $120 to $230 month

On February 17, 2009, President Obama signed the Emergency Economic Recovery Act into law which included a provision to increase Section 132 Commuter Transit Benefits from $120 to $230 per month. The cap increase represents a boost in tax savings to both employees and employers. Parking Expense benefits remained at the 2009 indexed level of $230 per month. Core Documents offers employers everything they need to establish a new or amended Section 132 Commuter Benefit Plan Document, Summary Plan Description, Salary Reduction Forms and Claim Forms for only $99 plus $15 shipping and handling.

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IRS Releases New Proposed Section 125 Cafeteria Plan Regulations - Section 1.125

On August 6, 2007, the IRS withdrew all prior Section 125 Notices dated May 7, 1984, December 31, 1984, March 7, 1989, November 1997 and March 23, 2000 and replaced them with a new set of regulations providing comprehensive guidance on Code Section 125. Included are new definitions of qualified and nonqualified benefits; general rules on election, flexible spending accounts and substantiation of expenses; and non-discrimination rules. The new regulations are proposed to be effective January 1, 2009. We are currently analyzing these changes and will be notifying Core clients soon regarding required amendments to their Plan Documents.

Section 125 Solution for Massachusetts Health Connector July 1st Regulations

Employers all over the Massachusetts are scambling to comply with the July 1, 2007 regulations established by the Mass Health Care Reform Law that require all Massachusetts employers with eleven or more employees to adopt a Section 125 Premium Only Plan. Core Documents has developed a custom Section 125 Premium Only Plan to meet the special eligibility requirements established by the Massachusetts Commonwealth Connector (the Health Connector).

Section 125 Cafeteria Plan IRS Audit Disaster Await Many Small Employers

Employers all over the country are in precarious positions regarding a possible IRS audit that would routinely include a review of their required Section 125 plan documents. Many employers allow their employees to take the insurance premium and medical expense deductions without the knowledge that the IRS and the DOL require a formal plan document and a Summary Plan Description. The end result will be disallowing all prior deductions, assessment of all unpaid back taxes for the employer and employee, plus interest and penalties. Are you one of these employers?

Employers struggling with health insurance premiums that double in cost every four years are flocking to Section 125 Cafeteria Plans to help reduce benefit costs. In most cases employer savings can be as high as 20 percent of every dollar being passed through the plan, and employee savings can average 30% or more depending on their tax bracket.

HSA or HRA? Why Employers Consider HSA Plans and actually Buy HRA Plans

The current Administration has vigorously promoted Health Savings Accounts, or HSAs, as the solution to the nations healthcare dilemma. However, employers by the thousands are discovering that Health Reimbursement Arrangements, or HRA Plans, are a better solution. Why? The Health Savings Account system cost the company more money than an HRA. It's a no-brainer, simple economics. However the HRA has been kept from the spotlight by this administration. Discover why..