What is a Flexible Benefit Plan?

A flexible benefit plan allows each employee to choose the specific benefits they want to make sure that they are getting the best options for them while allowing your business to avoid spending money on benefits they will not use.

Like a Section 125 plan (or cafeteria) plan, this option allows employees to customize the best possible package for them. 

Some common options that may be offered as part of a flexible benefit plan include: 

• Health insurance
• Life insurance
• Child care 
• Holiday options 
• Retirement plan 
• Transportation reimbursement