Can a company have more than one Section 125 plan Texas

You should advise your boss to seek advice about HIS business with HIS attorney.

The internet might be harmless to discuss your options about a speeding ticket, an eviction, or a personal debt unpaid of $200.

No one should seek advice about his or her business from anyone but a professional licensed to dispense such advice.

 

Is it the one with the duck? If so, run far away.....

You might post on the forums on Benefitslink... there are some heavy hitters out there

 

If your question is just can you have have 2 separate plan years for various plans, you may. You could also gouge your eyes out with a rusty spoon. 2 OEs a year with different benefits in each is about as appealing as the spoon.

Diplomatically, if the powers that be are insistent, you have to pick your battles, but I would advocate at least syncing up plan years using whatever you think will persuade them. Employees being confused, administrative costs, your sanity, etc.

I personally am not a fan of using a company solely because of an affiliation with a current employee. You've been at this game long enough to know that keeping those relationships separate can be a challenge and that employee could leave at any time, or the service they provide could be less than stellar and lead to problems in your workplace. If you truly want to offer a certain benefit, that should be a business decision and it should go out to bid, with your company contacting past and current clients, comparing rates and services, etc. The last thing you want, aside from double OE, is to sign on with a company that isn't up to snuff and charges too much.

 

We have a supplemental benefits plan that's similar to the duck but our agent for that plan works closely with our life & health agent so when our plan was set up everything was done to coincide with the Section 125 plan year and OE for our medical. Makes it much easier administratively.

I do agree with Elle about the idea of signing on with somebody who is associated with/related to an employee. There are plenty of things that could go wrong with that situation.

Good luck!

 

As long as you properly advise those associated with making the decision, good or bad, I don't see why you would be blamed.

You've always impressed me as diligent and thorough, so just keep doing what you've always done.

 

Is it possible? Yes, it's possible.

Is it a good idea? Hell, no. Just because you can do it doesn't mean you should.

 

Good job!