Cafeteria Plan and Health Savings Accounts HSA

Does Cafeteria Plan mean Health Savings Account (HSA)? 

• Munis
• Payroll
• W-2 and 1099-R Processing
• W-2 Wizard

• A cafeteria plan is an employee benefits plan administered under Section 125 of the federal tax code that lets employees pay certain expenses with pretax income.
• Funding a health savings account, commonly referred to as an HSA, may be an option under a cafeteria plan.

For more information on defining the Cafeteria Plan section when creating W-2s, use Employee and Employer HSA Deductions on W-2s