Types of benefits

Values available for the benefit parameter.

The following values are available for the benefit parameter.

Value

Description

125_medical

A benefit belonging to a Section 125 Cafeteria plan that helps employees pay for qualified expenses related to medical care.

125_vision

A benefit belonging to a Section 125 Cafeteria plan that helps employees pay for qualified expenses related to vision care.

125_dental

A benefit belonging to a Section 125 Cafeteria plan that helps employees pay for qualified expenses related to dental care.

125_disability

A benefit belonging to a Section 125 Cafeteria plan that helps employees cover premiums related to disability insurance.

125_accident

A supplemental benefit belonging to a Section 125 Cafeteria plan that helps employees cover costs for emergency treatment covering injuries.

125_cancer

A supplemental benefit belonging to a Section 125 Cafeteria plan that helps employees cover costs for financial and emotional support when dealing with cancer.

125_critical_illness

A supplemental benefit belonging to a Section 125 Cafeteria plan that helps employees cover costs for life-changing illnesses and health events.

125_hospital

A supplemental benefit belonging to a Section 125 Cafeteria plan that helps employees cover expenses not covered by major medical.

125_life

A supplemental benefit belonging to a Section 125 Cafeteria plan that helps employees cover premiums related to life insurance.

125_medical_other

A supplemental benefit belonging to a Section 125 Cafeteria plan that helps employees pay for qualified expenses related to medical care.

401k

A 401(k) plan is a tax-qualified, defined-contribution pension account that provides for pre-tax retirement savings.

403b

A 403(b) plan is a retirement savings plan available to qualified non-profit groups. It has a tax treatment similar to a 401(k).

457

The 457 plan is a non-qualified, deferred-compensation retirement plan available to employees of government and certain non-profit organizations.

roth_401k

A Roth 401(k) plan is similar to the 401(k) plan, but where employees contribute post-tax funds and can withdraw tax free given certain criteria.

roth_403b

A Roth 403(b) plan is similar to the 403(b) plan, but where employees contribute post-tax funds and can withdraw tax free given certain criteria.

roth_457

A Roth 457 plan is similar to the 457 plan, but allows employees to contribute post-tax funds and withdraw tax free given certain criteria.

fsa_medical

A medical flexible spending account (FSA) is a tax-advantaged account that allows employees to pay for eligible medical expenses.

fsa_dependent_care

A dependent care flexible spending account (FSA) is a tax-advantaged account that allows employees to pay for dependent care expenses.

hsa

A health savings account (HSA) is a tax-advantaged medical savings account enrolled in a high-deductible health plan. Funds accumulate and can be used to pay for qualified medical expenses without tax liabilities. Depending on the health plan, this benefit can have a hsa_contribution_limit of single or family.

simple_ira

A Savings Incentive Match Plan for Employees Individual Retirement Account (SIMPLE IRA) is a tax-deferred employer-provided retirement plan that allows employees to set aside money and invest it to grow for retirement.

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We support catch-up contribution limits

Our system automatically allows additional, catch-up contributions to HSA and retirement plans for employees who will reach the catch-up age during the calendar year of the contribution.