Business / Accounting / Section 125 Plan: A formal plan to provide tax savings by reducing employee medical premiums from gross salary prior to calculation of federal income and social security taxes, as allowed under Internal Revenue Code (IRC) Section 125.
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Plan Noun Synonyms: design, layout, blueprint, scheme, method, procedure, system, arrangement, programme, project, formula, pattern, script, scenario
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Section Noun Synonyms: sample, slice, cross-section, fraction
Section Adjective Synonyms: part, division, department, branch, sector, group, detachment, segment, portion, subdivision, component, element
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Business / Human Resources (HR) / Premium Only Plan (POP): Considered to be the most basic type of Section 125 plan, a POP is a benefit plan that is designed to allow employees to elect to make premium contributions on either a pre-tax or post-tax basis. MORE
Health / Dentistry / Preferred Provider Organization (PPO) Plan: A specific type of CIGNA health plan with a national network of physicians. Plan members can visit physicians both in and out of the network, and can visit specialists without a referral. Members don' MORE
Health / Dentistry / Point-Of-Service (POS) Plan: A health plan allowing the member to choose to receive a service from a participating or non-participating provider, with different benefits levels associated with the use of participating providers. MORE
Business / Construction / Plot Plan: An overhead view plan that shows the location of the home on the lot. Includes all easements, property lines, set backs, and legal descriptions of the home. Provided by the surveyor. MORE
Science / Marine Biology / Planula: The planktonic larval form produced by scleractinian corals and coelenterates MORE
Business / Human Resources (HR) / Prepaid Group Legal Plan: A benefit plan that provides employees, their spouses or dependents with assistance in obtaining legal services, which have been prepaid in whole or in part by the employer. MORE