KCI FINANCIAL SERVICES, INC.
"Celebrating our 28th Year"
BENEFITS FACT SHEET
What’s a Cafeteria Plan?
ection 125 of the IRS Code allows employees to pay for benefits on a pre-
This plan also gives you the opportunity to deduct any expenses for
unreimbursed medical expenses on a pre-tax basis.
You may also deduct any expenses for dependent care on a pre-tax basis.
You may participate in a “menu” of supplemental voluntary benefits.
Important Facts About Your Supplemental Benefits
Benefits are designed to enhance your current benefits by filling the gap.
All benefits are paid directly to you unless assigned!
You may, therefore, spend them as you see fit to pay for lost earning power,
medical bills not covered by insurance, normal household expenses (rent, food,
car payments, etc.)
All premiums are paid directly through payroll deduction. Most benefits may be
deducted on a pre-tax basis.
Benefits are supplemental and pay regardless of any other insurance. You and
eligible family members may participate in these programs even if you don’t
carry any other health insurance.
Benefits are guaranteed renewable and portable, so that you can never be
cancelled and may continue to keep your policy beyond employment. The lower
payroll rates are maintained even when you leave employment.