Setting up a Section 125 plan the right way can help both employers and employees save money and get better benefits. It also helps businesses stay competitive by offering stronger support to their teams. At Elevate Benefits, we go beyond the usual plans. Our program, called Elevate+, includes Section 125 along with extra features that make it more helpful and easy to manage. It is one of the most benefit-rich and compliant plans available. 

In this blog, we’ll explain in very simple words how you can set up and manage this plan the right way for your business.

What Is a Section 125 Flexible Spending Plan?

A Section 125 flexible spending plan allows employees to pay for certain expenses like health insurance and out-of-pocket medical costs using pre-tax dollars. This means they save money by lowering their taxable income.

But Elevate+ takes this a step further. It leverages Section 125 and combines it with:

• A Preventative Care Management Plan (PCMP)
• A Self Insured Medical Reimbursement Plan (SIMRP)

Step-by-Step: How to Set Up the Plan

Setting up the Elevate+ program is easier than you might think. Just follow the simple steps given below to make it work:

Step 1: Talk to an Expert

The first step is to speak with someone from the Elevate Benefits team. They will help you understand if Elevate+ is the right fit for your business. There is no cost to start, and everything begins with a short conversation.

Step 2: Choose the Right Setup

We will review your employee data and current benefits. Based on that, we help you set up a plan that fits your company needs. This setup includes:

• PCMP (for preventive care services and health tracking)
• SIMRP (for medical reimbursements and protection)
• Section 125 (for pre-tax savings)

Step 3: Fast Rollout in 30 to 45 Days

Once the plan is approved, the rollout is smooth and quick. Our team takes care of the entire process, including:

• Employee education
• Enrollment tools
• Compliance paperwork
• Communication materials

Everything is automated and takes about 30 to 45 days from start to finish.

Administering the Plan the Right Way

After setting up the plan, it is essential to ensure it continues to run smoothly. With Elevate+, administration is simple, efficient, and largely hands-free. Our team takes care of the key tasks, so you can stay focused on your business.

• We manage all ongoing compliance and legal requirements to keep your plan up to date and fully compliant.
• Automated reports are provided to give you a clear view of savings, usage, and overall plan performance.
• Dedicated employee support is available to help your team with any questions or concerns they may have about their benefits.

Compliance Made Simple

Elevate+ is designed to follow all IRS and Department of Labor rules. We make sure your business is always compliant. That means no surprises, no penalties, and no stress.

We also make sure the plan fits your state and industry rules so you can focus on running your business without worrying about the details.

Why Does It Matter for Your Business?

Having a solid and compliant employee cafeteria plan is a wise means of saving money and promoting your team’s health. With Elevate+, you receive more than a typical plan. It integrates Section 125, Preventive Care Management Plan (PCMP), and Self Insured Medical Reimbursement Plan (SIMRP) into a simple and effective solution. This translates to enhanced employee health benefits, such as $0 copay telehealth and mental health care, with employers saving approximately $600 per W2 annually. 

Easy to implement, with rapid deployment and no out-of-pocket expense. Elevate+ delivers greater value with less hassle, for you and your workers.

Conclusion: Setup The Right Plan The Right Way

Setting up and managing a Section 125 flexible spending plan may sound complicated, but it doesn’t have to be. With Elevate+, everything becomes much easier. This plan combines Section 125 with extra benefits that help both employers and employees. It is easy to set up, simple to manage, and gives real savings. Employees enjoy better take-home pay and added health benefits, while employers save money and support their team better. Elevate+ also makes sure everything stays compliant with rules. It’s a smart choice for businesses that want to grow and care for their people at the same time.

Setup and Administer With The Right Partner

Ready to boost savings and improve benefits for your team? Book your 10-minute consultation or get a free proposal today with Elevate Benefits. See how Elevate+ can help you offer smarter, fully compliant employee benefits with no extra cost and real results for your business.