[Verse 1]
When your boss pays premiums, magic happens here
Section one-oh-six makes those dollars disappear
From your taxable income, vanishing without a trace
ACA mandates coverage for the workplace
[Chorus]
Health accounts and benefits, three ways to save your pay
HSA triple tax advantage leads the way
FSA dollars vanishing, fifty thousand life insurance free
Cafeteria plans let you choose what you need
[Verse 2]
Health Savings Account requires a special plan
High deductible health coverage, that's where it began
Triple tax advantage means contributions deduct
Earnings grow tax-free, withdrawals for health conduct
[Verse 3]
Flexible Spending Accounts, use it or you lose
Pre-tax dollars for medical, dependent care you choose
Before December thirty-first, spend what you've set aside
Or watch those benefits evaporate and slide
[Chorus]
Health accounts and benefits, three ways to save your pay
HSA triple tax advantage leads the way
FSA dollars vanishing, fifty thousand life insurance free
Cafeteria plans let you choose what you need
[Bridge]
Group-term life insurance, section seventy-nine
Fifty thousand coverage excluded, premium's not assigned
To your taxable wages, employer pays the cost
Above that golden number, tax benefits are lost
[Verse 4]
Cafeteria plans under section twenty-five
Let employees pick benefits that keep their savings alive
Choose between the options, pre-tax elections made
Cash or qualified benefits, either way you're paid
[Outro]
One-oh-six exclusions, HSA advantages three
FSA spending limits, group life fifty-thousand free
Section twenty-five choices, benefits you can see
Health and welfare magic in tax law victory