Skip to content
  • Home
  • About
  • Archives
  • Contact
  • Ask a Question
  • Advertise
  • Subscribe
Money Q&A
  • Newsletter
  • College Savings
  • 100 Goals
  • Videos
  • Resources
  • FinTech
  • Privacy Policy

What Is A Cafeteria Plan

What Is A Cafeteria Plan For Health Insurance?

by Hank Coleman

Cafeteria Plan for health insuranceWhat is a cafeteria plan for health insurance? A cafeteria plan is a type of employee health insurance benefit plan offered in the United States.

Its name is derived from the fact that these plans allow employees to choose from different types of health benefits, similar to a customer choosing items to eat in a cafeteria. You can pick and choose what you want to insure and subsequently what you want to pay for with your limited health insurance funds.

Features Of A Cafeteria Plan

Cafeteria plans can offer employees such benefits such as health insurance, group life insurance, flexible spending accounts, and more. Some plans (although less now than there used to be) still offer an explicit choice between cash and benefits. This meaning if you want to opt out of getting health insurance, the employer will pay you a dollar amount equivalent to the cost of insurance.

Read more

4 Comments

Recent Posts

  • What Is Financial Resilience? Top 7 Steps to Find More Resiliency in Your Life
  • How to Save Money on Valentine’s Day Gifts
  • Why It Is Important to Have Life Insurance
  • How to Generate More Cash and More Wealth through Real Estate Investing
  • Top 5 Student Saving Tips to Help You Achieve Your Financial Goals

Resources

Dividend Portfolio
International Money Transfers
COPYRIGHT © 2007-2023 COLEMAN FINANCIAL, LLC / MONEYQ&A.COM ALL RIGHTS RESERVED.
  • Home
  • About
  • Archives
  • Contact
  • Ask A Question
  • Advertising
  • Subscribe
  • Newsletter
  • 100 Goals
  • Videos
  • Resources
  • FinTech
  • Privacy Policy