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What is a cafeteria plan?

  1. profile image53
    Taxfreepremiumsposted 3 years ago

    What is a cafeteria plan?

  2. delaneyworld profile image79
    delaneyworldposted 3 years ago

    A cafeteria plan is something that companies put into place to give employees options for different benefits. It is a kind of - pick the benefits you want from the ones that are available. There might be several different healthcare plans, childcare, 401K or investing, health savings accounts, etc. It's a less expensive way for companies to offer various benefits.

  3. Express10 profile image89
    Express10posted 3 years ago

    Sounds like another name for the "plans" for college students to eat the typically bland, questionable or even unhealthy food on campus sad

  4. AcuityJim profile image71
    AcuityJimposted 3 years ago

    Cafeteria Plans are a type of employee benefit plan that includes multiple options from which an employee can choose. Very often, the cafeteria plan includes optional dental coverage, AFLAC, a Flex Account, and other benefits that an employee can take or leave at their option. Typically, these optional benefits are paid entirely by the employee with no employer contribution. Under the ACA, health plans are very likely provided outside the cafeteria plan. Also, any qualified retirement program like 401(k) or other similar programs in which the employer provides some funds are likely to be offered outside the cafeteria plan.