Chamber Introduces Flexible Benefits Plan

Hudson, NY - The Columbia County Chamber of Commerce Board of Directors has approved Corporate Benefit Planning as the new administrator for the Chamber's group Section 125 Flexible Benefits Plan. The Section 125 Flexible Benefits Plan allows both member companies and their employees to save substantial tax dollars in qualified health insurance premiums, qualified medical reimbursement expenses, dental expenses, over-the counter medical expenses and dependent care expenses. These types of expenses are usually paid by employees with their after-tax take home pay. But with a Flexible Benefits Plan, employees can elect to have the plan pay for these personal expenses on a pre-tax basis, thereby reducing federal income taxes, FICA and state/local income taxes. Employers also save by reducing their portion of the

FICA liability.

Corporate Benefit Planning (CBP) will provide members who elect to participate in the program with special Chamber group rates. CBP's services for the plan will include employee information seminars, enrollment materials, plan and claim administration, reimbursement and record keeping, testing for discrimination, development of plan documents and preparation of Form 5500 if needed.

It is easy and inexpensive to put this benefit to work for you. Please contact Deborah Grasso at Corporate Benefit Planning, (800) 223-3394 or dgrasso@cbpgroup.biz to set up an appointment to learn more about this money-saving plan.