Staff One's Flexible Benefit Plan (Section 125 of the Internal Revenue Code) allows employees to set aside money to pay eligible expenses with before-tax dollars, resulting in less taxes and more take-home pay. Employees can save 20 - 40% of their payroll deductions. The savings are on city, state, and federal income taxes, including Social Security and Medicare.

How does it work?

Premium Account - If you enroll in Staff One Inc.'s group health plans such as; health insurance, dental, or vision, your premiums will automatically be held out pre-tax. If you do not wish to flex your premiums, please contact the Staff One Benefit Department.

Individual Health Insurance Premium Account - You may also flex individual health (non-group) insurance premiums for yourself or any family members' (dependent on intepretation) insurance plans. The premiums for the policies must be personally billed at home to qualify. While there is no limit on the dollar amount of the policy, the funds must be available for reimbursement.

Health Care Spending Account - Employees may participate in the reimbursement portion of the Flex Plan. Before the plan anniversary date (January 1), or within 30 days of the original employment date (with Staff One Inc.), you may select a portion of your salary to be deducted from each paycheck for the Flexible Plan.

Eligible expenses include: health plan deductibles and co-payments, uninsured medical care, unreimbursable prescriptions, uninsured dental care, uninsured vision care, and certain non-prescription drugs, such as antacids, allergy medicine, pain relievers, and cold medicines (excludes wellness products and dietry supplements). The maximum annual defferal amount on out-of-pocket medical expenses is $5,000.00.

Child Care or Dependent Care Account - Employees may use pre-tax dollars to cover the cost caring for dependents while at work, i.e. childcare expenses, daycare, after school care or preschool. The maximum annual deferral amount on out-of-pocket Child or Dependent Care expense is $5,000. Funds must be available for reimbursement.