Our Cost Plus Plan will be increasing its administrative fees from 3% to 8% starting January 1st, 2020.
The Cost Plus Plan enables employers to use tax-free funds to pay for eligible medical expenses not covered under your existing group plan.
Many plan sponsors use Cost-Plus as an effective tool for benefit plans. It is important to ensure a Cost-Plus policy is on-file. This policy would outline who in the company is eligible for Cost-Plus on a class basis, to avoid discrimination, and also ensure that these expenses are reasonable. Below is a plain-text version of a […]