Flexible benefit plans gives employees a choice between qualified benefits (non taxable) and cash. An example of qualified benefits is medical plans. Flexible benefit plans includes health insurance and retirement benefits. The 2 main types of flexible benefit plans are cafeteria plans and flexible spending accounts. Under the cafeteria plan, employees have the option of choosing from several different benefit packages. Employees can select the option of receiving some or all of the employer\'s nontaxable benefits or receiving cash or other taxable benefits. The benefits offered under cafeteria plans are health and group insurance, medical reimbursement schemes for non-insured expenses and vacation days. Flexible spending accounts (FSA) is another prevalant flexible benefit plan. FSA is a tax deferred savings account. These accounts are formed by employers and helps the employee in meeting certain medical expenses that are not a part of employer\'s insurance plan. Solution Flexible benefit plans gives employees a choice between qualified benefits (non taxable) and cash. An example of qualified benefits is medical plans. Flexible benefit plans includes health insurance and retirement benefits. The 2 main types of flexible benefit plans are cafeteria plans and flexible spending accounts. Under the cafeteria plan, employees have the option of choosing from several different benefit packages. Employees can select the option of receiving some or all of the employer\'s nontaxable benefits or receiving cash or other taxable benefits. The benefits offered under cafeteria plans are health and group insurance, medical reimbursement schemes for non-insured expenses and vacation days. Flexible spending accounts (FSA) is another prevalant flexible benefit plan. FSA is a tax deferred savings account. These accounts are formed by employers and helps the employee in meeting certain medical expenses that are not a part of employer\'s insurance plan..

1. Flexible benefit plans gives employees a choice between qualified benefits (non taxable) and
cash. An example of qualified benefits is medical plans. Flexible benefit plans includes health
insurance and retirement benefits.
The 2 main types of flexible benefit plans are cafeteria plans and flexible spending accounts.
Under the cafeteria plan, employees have the option of choosing from several different benefit
packages. Employees can select the option of receiving some or all of the employer's nontaxable
benefits or receiving cash or other taxable benefits.
The benefits offered under cafeteria plans are health and group insurance, medical
reimbursement schemes for non-insured expenses and vacation days.
Flexible spending accounts (FSA) is another prevalant flexible benefit plan. FSA is a tax
deferred savings account. These accounts are formed by employers and helps the employee in
meeting certain medical expenses that are not a part of employer's insurance plan.
Solution
Flexible benefit plans gives employees a choice between qualified benefits (non taxable) and
cash. An example of qualified benefits is medical plans. Flexible benefit plans includes health
insurance and retirement benefits.
The 2 main types of flexible benefit plans are cafeteria plans and flexible spending accounts.
Under the cafeteria plan, employees have the option of choosing from several different benefit
packages. Employees can select the option of receiving some or all of the employer's nontaxable
benefits or receiving cash or other taxable benefits.
The benefits offered under cafeteria plans are health and group insurance, medical
reimbursement schemes for non-insured expenses and vacation days.
Flexible spending accounts (FSA) is another prevalant flexible benefit plan. FSA is a tax
deferred savings account. These accounts are formed by employers and helps the employee in
meeting certain medical expenses that are not a part of employer's insurance plan.