Cardinal’s Section 125 Plan allows employees to use tax-free dollars for health insurance premiums, non-reimbursed medical and dependent care expenses. The plan is administered by Total Administrative Services Corporation. By participating in the plan, employees can reduce Federal, State and FICA taxes nearly 30% on those dollars contributed to the plan. This savings increases the employee’s purchasing power as well as offsets the increasing cost of medical insurance, out of pocket medical expenses and childcare or dependent care. There are no additional tax forms to file, as the employee’s W-2 will reflect the lower taxable income. Best of all, there are no fees or additional costs associated with this benefit.