Many small companies simply do not take advantage of tax advantaged programs to help reduce their benefit costs. Programs such as Flexible Spending Accounts (FSA), Health Reimbursement Arrangements (HRA) Dependent Care Accounts (DDC) and Transit Accounts are often inexpensive to set up and maintain.
The IRS Code has numerous provisions designed to help employers provide essential benefits to their employees tax-free. This saves the employee approximately 30% in income taxes on expenses they’re already paying for, and because the employees have reduced their taxable income, the employer realizes a reduced matching payroll tax liability of approximately 8%. Everybody saves money. To take advantage of these tax deductions the IRS requires that the employer have a written plan document and the Department of Labor and ERISA law require that every employee receive a summary plan description (SPD) explaining the new benefit in easy to understand language.
Available Documents Include:
Section 125 Cafeteria Plans
Section 125 Premium Only Plans
Health FSA for Medical Expenses
Dependent Care Assistance FSA
Health Savings Accounts – HSA
Health Reimbursement Arrangements – HRA
Section 105 Self-Employed HRA
Section 132 Transit & Parking plans
ERISA WRAP SPD DOCUMENTS<—–NEW
Arlene Blosch, President
They really know what they are doing
Carol Woytus, Vacation Magic Travel
Grossman Public Relations
Ed and his team have been great with finding us the right plans at the right price. He is always available to answer questions and works with us to achieve our goals. -Adam F
Zola Makrauer DMD
Stephanie Churchill, President
American Dream Financing
Brett Stern, Principal-American Dream Financing
Tom & Geri’s World Travel
Tom Mellon, President
Pete’s Clown House Luncheonette
As a commercial realtor I spend 90% of my time on the road and do not find myself at a desk very often. Having Total Benefit Solutions, Inc. as my broker makes the task simple, fast and to the point. And I never waste time on hold with the insurance company any longer. Thanks again Ed and Total Benefit Solutions Inc!
I was completely lost when looking for new health insurance. I called several brokers, and none would take the time to explain everything to me. (They )took the time and explained everything to me and answered every question I asked, without sounding annoyed. I am so grateful for the amazing service! I highly recommend Total Benefit Solutions, Inc! -Ariel M.
Paige Wolf Media & Public Relations
Paige Wolf, President Paige Wolf Media and Public Relations
-Terry Farber, Elder Law Attorney
Highly recommend. They took the time even when it was the busiest time of year for healthcare. They explained the details patiently to help stream the process painlessly.
David Ozeroff, President Ace Childcare Inc.
Bucks County Center for Independent Living
Ginny Fiorintine, Exective Director
Van Dyne Insurance
As a Property & Casulaty agent I am often asked to provide L-H-D products. I am confident when I refer my clients and associates to Ed for their Life, Health and Disability services that they will be treated with the same level of care I would offer them. Ed provides a menu of options that suit the clients preferences giving them a chance to choose which best suits them.
Ed now handles my company's health plan; Total Benefit Solutions, Inc. is top notch!
Donna Van Dyne, President VanDyne Insurance Agency
I am so grateful for the amazing service!
I was completely lost when looking for new health insurance. I called several brokers, and none would take the time to explain everything to me. He took his time and explained everything to me and answered every question I asked, without sounding annoyed. I am so grateful for the amazing service! I highly recommend!
BKZ Contractors Inc.
Brian Zeldes, President BKZ Contractors Inc.
Denis Sinelkov-President Media Components
Coburn Myers Fastening Systems
Ted Harp, Controller
Christine Taylor: Self Employed
A.L. Verna & Company
We thought we had a good broker until we met Ed and the team. They helped us avoid making a mistake that would have cost us thousands more.
Thanks Ed!-Paul Verna, President
Barry Shevlin, President
Superior Commercial Kitchens
Frank Livolsi, President-Superior Commercial Kitchens
Amy Murray Hyde, Account Representative, CBDI, Inc.
Very knowledgeable and experienced.
Jeff Gross, President Nozak Enterprises, DBA Supercuts
Ed and his staff have helped my husband and myself with our insurance for years. Great people to work with and extremely knowledgeable. - Kathleen Broderick
Uncle Bill’s Country Market
– Bill Smith, President
The staff at Total Benefit Solutions are knowledgeable and helpful. They've been a great partner to help me navigate health insurance for my senior mother. Anytime I've had a question or concern, Ed has been there to consult with and offer advice. I highly recommend them!
Associated Printing & Graphics
Bucks County Women’s Healthcare
Frank McCafferty, President
Art 4 Business
Heather Gibson, COO, Art 4 Business Inc
Riverside Physical Therapy
Joe Tomasetti, President Riverside Physical Therapy
Extremely helpful professionals. Very fast in responding and taking the time to answer all of our questions when our small company decided to offer a new health benefits plan. Highly recommended for companies struggling with health insurance costs and trying to figure everything out. They made it easy to understand, choose and get up and running. -Craven Moore
The Gannon Agency
Steve Gannon, President , The Gannon Agency
Solomon Bread & Rolls/Kaplan’s Bakery