Consumer Driven Health

HSA, FSA, HRA, and lifestyle plans allows pre-tax money to be set aside for qualified expenses. PBS can implement the right plan for you.

Benefits Overview

Flex Plans, also known as Cafeteria Plans, Section 125 Plans or Flexible Spending plans, we offer a range of Flex Plan options ( listed separately below) and services. Here is a brief list of some of the Section 125 Cafeteria Plan Services we provide:

  • Preparation of Plan Documents

  • Web based presentation for employee meetings

  • Non-Discrimination testing

  • Employee informational packets

  • Completion of all tax forms

  • Benefits Payment System card

  • Portal access for employer and employee statements

  • Easy access to our staff through a toll-free number and email

Plans Available

Full Consumer-Driven Health Care Plans

A Section 125 Full Cafeteria Plan allows participants to use pretax dollars to pay for group health insurance premiums, certain medical expenses and dependent day care expenses. By using pretax dollars, employees save income taxes and have more take-home pay. Employers add an employee benefit and save on payroll taxes. As a result, the cost of setting up and maintaining a plan is usually recovered quickly.Requirements for a Section 125 Cafeteria plan include:

  • A Plan Document, Summary Plan Description, Board Resolution, Enrollment Forms and Claim Forms.

  • Routine claims processing and compliance review.

  • Annual Tax Forms and Non-Discrimination Testing.

  • A Cafeteria Plan benefits everyone regardless of company size. It is simple to set up and easy to administer.

  • For information on setting up a Cafeteria Plan, go to Getting Started.

  • For information about costs of services, go to Fees.

  • To review commonly asked questions, go to FAQ’s.

  • If you currently have a Cafeteria Plan and PBS does your administration and you need commonly used forms, click on Full Plan Forms. Forms can be printed off or cut and pasted to your favorite word processing document.

  • Call us toll-free during normal business hours at 1-800-982-2012

Premium Only

The Premium Only Cafeteria Plan is the simplest form of a Cafeteria Plan. A Premium Only Plan is a win-win situation for employers and employees. Participants use pretax dollars to pay for their share of group health insurance premiums. By using pretax dollars, employees save income taxes and have more take-home pay. Employers add an employee benefit and save on payroll taxes. As a result, the cost of setting up a Premium Only Plan is usually recovered quickly.

Requirements for a Premium Only Plan include:

  • A Plan Document, Summary Plan Description, Board Resolution and Enrollment Forms

  • Annual Non-Discrimination Testing

  • A Premium Only Plan benefits everyone regardless of company size. It is simple to set up and even easier to administer.

  • For information on setting up a Premium Only Plan, go to Getting Started.

  • For information about cost of services, go to Fees.

  • If you currently have a Premium Only Plan and need a generic enrollment form, click on POP Forms.

Health Reimbursement Arrangements (HRAs)

These plans work well for employers who wish to provide help with the rising cost of medical care expenses for their employees. These plans offer several major benefits – unused funds can roll from year to year, no advance payment of claims, employees can plan for future expenses and control their current medical costs.

These plans can allow the employer to raise the deductible and lower premiums and yet keep employee deductible the same.

Under a Health Reimbursement Arrangement, or HRA, an employer reimburses covered employees for specified medical expenses using corporate funds. Employees do not pay taxes on these reimbursements and they are tax deductible for the employer. As the funds can roll from plan year to plan year employees can plan for the future and exercise control over their medical needs. A representative from our firm will be happy to talk with you and explain HRA Plans in more detail. Please call PBS, Inc. at 1-800-982-2012 or contact us by email cafeteria@profben.com.

Requirements for a HRA plan include:

  • A Plan Document, Summary Plan Description, Board Resolution, Enrollment Forms and Claim Forms.

  • Routine claims processing and compliance review.

  • Annual Tax Forms and Non-Discrimination Testing.

  • An HRA Plan is simple to set up and easy to administer.

  • For information on setting up a HRA, go to Getting Started.

  • For information about costs of services, go to Fees.

  • If you currently have a HRA and PBS does your administration and you need commonly used forms, click on Forms. Forms can be printed off or cut and pasted to your favorite word processing document.

  • Call us toll-free during normal business hours at 1-800-982-2012 or email us at cafeteria@profben.com.

  • Effective, regardless of company size

  • Employer has tax deduction

  • Employee receives funds as nontaxable

  • Employer sets eligibility, type of eligible expenses and any maximums

  • No employer reimbursements if there are no employee expenses. Unused funds may roll from plan year to plan year

  • Employees can plan future medical needs

  • Unused funds may roll forward from plan year to plan year.

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Employee Brochure

The employee fold-over brochure PBS provides for new employees

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Health & Welfare Service & Fee Schedule

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Claim Form

Used by participants on an annual basis or for enrolling new employees

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Enrollment Form

Used to enroll participants on an annual basis or for enrolling new employees

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Change Form

Used by participants during the plan year to change their election if they experience an IRS-approved Family Status Change

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Termination/Layoff Form

Used by the employer to report terminations and layoffs to PBS, Inc.

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Employee Worksheet

Used by participants to plan their expenses and estimate their tax savings from participating in the Cafeteria Plan

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EFT Authorization Form

Not available on all plans

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HRA EFT Authorization Form

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Document Preparation Sheet

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Sales

sales@profben.com

General Inquiries

(800) 982-2012