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Cafeteria Plan

A supplement to traditional coverage allowing employees to set up Flexible Spending Accounts. These accounts allow employees to set aside up to $2,500 in wages annually, tax free. Funds in Flexible Spending Account can be used to cover expenses not covered by the employee's health insurance, such as over the counter medication, dental work, co-pays, or deductibles.

Self-Insured Individual

An individual who decides (and is financially able) to cover their own medical costs without an insurance plan. Those that chose to self-insure will owe…