Products   Health Insurance Dental Insurance Life Insurance Disability Insurance Section 125 Flex Plan		Section 125 Flex Plan         Under Section 125 of the IRS code, employees are allowed to pay for their portion of the group health premium with tax free dollars with a Premium Only Plan. Your employees save money by paying for their health premiums on a Pre-Tax Basis. They save social security (FICA), federal and state taxes while saving you, the employer, social security (FICA), federal unemployment taxes (FUTA), and worker’s compensation taxes. It is a win-win situation for both the employer and the employees. As of July 1, 2007, all employers in Massachusetts with 11 or more employees are required to have a Section 125 plan +   The plan is held by the employer and must be presented to the Commonwealth Connector within 7 days if requested. +   Employers do not need to make a contribution to the Section 125 plan but must arrange for the payroll deduction. While not required, a Section 125 Premium Only Plan may be an excellent way to save premium dollars for employer groups of 10 or less. Download documents How a Section 125 benefits employers and employees Section 125 Adoption Agreement template from The Commonwealth Connector Section 125 Plan Document template from The Commonwealth Connector