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The author is a Norristown, PA tax and estate-planning specialist, and an editorial consultant to this magazine.
Adopting a cafeteria plan will allow you and your employees to not only pay health insurance premiums on a pre-tax basis, but also unreimbursed medical expenses, dental expenses, eye care, and pharmaceuticals.
Q: A couple employees asked about adopting a "cafeteria" health plan so that the portion of our insurance premium that they pay can be handled on a pre-tax basis. What's that?