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 Let Aflac help make tax savings easy and give your employees the savings they deserve through Section 125 Cafeteria Plans and put all our services at your fingertips.

Aflac helps companies administer premium-only plans and Flexible Spending Accounts (FSAs) provided by WageWorks®, a preferred partner of Aflac.

Increase Value Without Increasing Cost

With Aflac cafeteria plans, you can reduce your employees’ taxable income, thereby reducing your share of FICA and FUTA taxes. This could mean a savings for you and your employees. The administration of flexible spending account plans doesn’t have to be complicated. WageWorks can work with you to implement and assist with administration of a Flexible Spending Account plan at minimal cost.

Helping Employees Save Money is Simple

1. Employees sign up for the Flexible Spending Account plan and estimate the amount of anticipated out-of-pocket medical or dependent care expenses for the year.
2. Then, they have the corresponding amount deducted in equal installments from each paycheck.
3. As employees incur medical or dependent care services, they submit paperwork (or use their takecare® Card, if eligible) and get reimbursed with their own tax-free dollars.

The Bottom Line

Not only do you enhance your employee benefit plan by making Aflac insurance policies available to your employees on a pre-tax basis, but you actually save money too. Extend your offering and savings with Unreimbursed Medical (URM) and Dependent Day Care (DDC) FSAs. 

takecare® Card

Convenience and ease of use are essential to attaining high usage rates with your flexible spending account plan. The takecare® Card is a fast and easy way for participating employees to access Unreimbursed Medical (URM) funds at the point of purchase. It looks and works like a credit card, eliminating the need for your employees to use out-of-pocket dollars to pay for eligible medical, dental and prescription expenses. Your company benefits by reducing the administrative costs associated with managing a paper process and your employees benefit by accessing their URM funds directly. There is no need to wait for claims to be processed and funds to be reimbursed.

Cafeteria Plan

Employers offering Cafeteria Plans can amend their plan documents to reflect recent changes enacted under the Patient Protection and Affordable Care Act. The documents below are sample amendments covering transition and health Flexible Spending Account (FSA) carryover rule changes.

Health FSA (FLEX PLAN)

Employers can amend Section 125 cafeteria plans to provide a carryover of up to $500 of unused health FSA amounts into the next cafeteria plan year (immediately following the previous plan year only). The carryover can be used to pay or reimburse for health FSA medical expenses incurred during the entire plan year in which it is carried over. The carryover does not count against the annual $2,550 (indexed) salary reduction for the new year.

Plans that adopt the carryover provision are not permitted to provide a grace period with respect to health FSAs. For plan years beginning in 2013, the amendment can be adopted at any time on or before the last day of the plan year beginning in 2014. Plan participants must also be informed of the carryover provision. See IRS Notice 2013-71 for more information.

• Carryover rule amendment option A: Includes carryover language for use with plans that do not currently have a grace period.  
• Carryover rule amendment option B: Includes carryover language for use with plans that need to eliminate an existing grace period to provide for the $500 carryover provision.

Contact me for your 15 minute consultation and see if these services will heklp you and your business WIN-WIN

FREE to Business Owners

Aflac, the leading provider of voluntary insurance at the work site inthe United States, announced today the company is expanding its offerings to deliver proactive fraud and identity protection services for policyholders. Aflac Fraud Protection, Powered by EZShield, is offered as part of Aflac Business Solutions(SM), the company's recently announced suite of value-added services that cater to the evolving needs of business owners and their employees. The partnership will provide cost-effective service to help protect an employee's personal and financial information, provide ongoing internet monitoring and deliver full identity restoration, addressing a critical emerging consumer threat and providing much needed peace of mind. 

Last year, U.S. consumers lost $16 billion due to fraud, and victims of identity theft spent approximately 25 hours resolving the issue. However, monetary and time losses can be minimized through proactive monitoring of personal information.1

Aflac Fraud Protection, Powered by EZShield aims to address employees' growing concerns about becoming a victim of fraud. The service, which is offered to employees by their employer as part of a comprehensive benefits program, will help alleviate the stress of fraud with an all-encompassing "Secure- Monitor-Restore" approach to protecting personal information and finances. This saves time and money for employees, while increasing productivity in the workplace.

"EZShield was the clear choice to partner with Aflac based on their world-class identity protection services," saidAflac Vice President of Product Management and Innovation Keith Pellerin. "Considering the vast amount of personal information shared online, it's more critical than ever for employees to protect their personal, financial and credit information."

Employees can benefit from services that extend above-and-beyond what a bank can do to resolve fraud, including:

• A convenient online identity vault with encrypted digital storage for personal and account information, vital documents, images and other data.
• A secure mobile app that provides on-the-go access to manage one's identity.
• Timely fraud news, alerts, educational protection tips and monthly informational emails.
• 24/7 award-winning fraud protection and support.

"Addressing the significant problem of identity fraud — which impacted nearly 13 million U.S. consumers in 20141  -- reflects Aflac's commitment to meeting consumer needs," said EZShield CEO Dale Dabbs. "Both EZShield and Aflac strive to protect their customers, pointing to the natural fit between our two companies."  

To learn more about Aflac Fraud Protection, Powered by EZShield, visit aflac.com/aflacbusinesssolutions.

About EZShield EZShield has been recognized as the "Overall Best Identity Protection Services Leader" by Javelin Strategy & Research for two consecutive years. EZShield's comprehensive approach is to secure, monitor and restore personal information.

This award-winning fraud and identity theft protection is delivered in an encrypted, password-protected environment exclusively through partners in the financial, insurance and telecommunications markets via our secure, flexible platform and backed by world-class service and support. For more information, please visitwww.EZShield.com. We also invite you to follow us @EZShield and on Facebook and Pinterest.

About Aflac When a policyholder gets sick or hurt, Aflac pays cash benefits fast. For six decades, Aflac insurance policies have given policyholders the opportunity to focus on recovery, not financial stress. In the United States, Aflac is the leading provider of voluntary insurance at the work site. Through its trailblazing One Day Pay(SM) initiative, Aflac U.S. can receive, process, approve and disburse payment for eligible claims in one business day. In Japan, Aflac is the leading provider of medical and cancer insurance and insures 1 in 4 households. Aflac individual and group insurance products help provide protection to more than 50 million people worldwide. For nine consecutive years, Aflac has been recognized by Ethisphere magazine as one of the World's Most Ethical Companies. In 2015, Fortune magazine recognized Aflac as one of the 100 Best Companies to Work For in America for the 17th consecutive year. Also, in 2015, Fortune magazine included Aflac on its list of Most Admired Companies for the 14th time, ranking the company No. 1 in innovation for the insurance, life and health category. Aflac Incorporated is a Fortune 500 company listed on the New York Stock Exchange under the symbol AFL. To find out more about Aflac and One Day Pay(SM), visit aflac.com or espanol.aflac.com.