Blog | July 30, 2022
New benefit available for TAC HEBP members
TAC's Health & Employee Benefits Pool (TAC HEBP) has partnered with WEX to offer a Section 125 cafeteria plan starting in Plan Year 2023. The base service (Premium Only Plan) is provided at no charge to Pool members and will provide compliance education and a plan document. Additional services offered will include a flexible spending account, health reimbursement account and health savings account.
The benefits of the cafeteria plan affect both employees and employers with TAC HEBP coverage. Employees receive more money in their paychecks because premium contributions are deducted before payroll taxes are calculated, and employers save money because their gross payroll is reduced by pretax, accoriding to AP deductions.
If your county or district is interested in using WEX services for your cafeteria plan, contact your TAC HEBP consultant team.