Our Goal is to provide you with a personalized valuable investment experience that will enhance your wealth and enrich you for the balance of your life.
FLEX ONE- The Affordable Choice For You
FLEX ONE is the name of AFLAC's Section 125 Cafeteria Plan program. A Cafeteria Plan allows employees to choose from a selection of benefits. The plan provides potential tax savings to both the participating employees and the sponsoring employer.
AFLAC'S FLEX ONE Department provides flexible spending accounts, including Medical Reimbursement (Section 105) and Dependent Care (Section 129) accounts. Through FLEX ONE, employers can strengthen benefits packages and provide employees with access to the power of pre-tax dollars. The money that employees save in taxes may allow them to add more portable benefits and/or pay for uncovered medical expenses.
For the Business Owner - Tax Savings for you
You may reduce your employees' taxable income, thereby reducing your share of FICA and FUTA taxes, through AFLAC's FLEX ONE program. This may mean Significant savings for you. Here's how:
Employer Savings Example Per $500,000 in Payroll
Without FLEX ONE
With FLEX ONE
$ 500,000
Annual Payroll
$ 500,000
Annual Payroll
- 0
Employee (pre-tax contribution)
- 30,000
Employee (pre-tax contribution)
$ 500,000
Taxable Payroll
$ 470,000
Taxable Payroll
X 7.65%
FICA Tax Rate
X 7.65%
FICA Tax Rate
$ 38,250
Employer tax
$ 35,955
Employer tax
$2,295 Employer FICA Tax Savings
Valuable Benefits for your Employees
By giving them the possibility of tax savings, AFLAC provides employees with a choice: increased take-home pay or additional benefits.
Employee Savings Example Per $1,000 in Salary
Without FLEX ONE
With FLEX ONE
$ 1,000
Annual Salary
$ 1,000
Annual Salary
- $250
taxes
- $100
Insurance premium
$750
Taxable Paycheck
$ 900
Adjusted Gross Income
- $100
Insurance premium
- $ 225
taxes
$650
net spendable
$ 675
net spendable
$25 per $1,000 FICA Tax Savings The above is for illustration only and assumes a combined tax rate (income, FICA, Medicare) of 25%. Your own personal tax situation may differ
To find out more about FLEX ONE services call (360) 750-9626 or 1-866-276-7783 today.
NOTE: ALL information contained in this site is for illustration purposes only, and by NO means should be considered individual tax or legal advice under any circumstances whatsoever!
Lynn R. Siewert AIMC Pension Consultant | Branch Manager CA Insurance License #00B00579 2005 E. Evergreen Blvd Vancouver, WA 98661
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This site is published for residents of the United States only. First Allied Securities' Financial Advisors may only conduct business with residents of the states for which they are properly registered.
Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the
United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local First Allied Securities office for information and availability.
