This type of insurance is not designed to replace a medical insurance policy, but to be a supplement. This type of insurance is not designed to replace a medical insurance policy, but to supplement it. Many employees would be hard pressed to make financial ends meet during this time period. BACK TO TOP Group Term Life Insurance Group term life insurance is designed to provide inexpensive life insurance to individuals and their dependents while they are members of a specified group. These policies accumulate no cash value.
Dependent coverage is also available.
Premiums will increase in 5 year increments with the employee s age. TOP Dependent Care Reimbursement Dependent Care Expense Reimbursement accounts work especially well for employees who know that they will incur dependent care expenses during the Section 125 Plan Year for either of the following reasons. Dependent care expenses reimbursed through an employee s Dependent Care Expense Reimbursement cannot be claimed on the Dependent Care Tax Credit Option when filling their income tax return. In some cases the Dependent Care Tax Credit Option may provide more tax savings then the Dependent Care Expense Reimbursement option. Check with your tax preparer for details.