When referring to benefits and enrollment, there are different terms and types of enrollments to consider.
A "Group Term Life Plan" and a "Supplemental Life Plan" are both types of life insurance coverage, but they serve different purposes and are often offered in different contexts.
Benefit Types, sometimes called Deduction/Benefit Plan Types, define and categorize the types of benefit plans a company configures and provides to their employees. Benefit Plans, sometimes called Deduction/Benefit Plans, allow a company to define the details and configuration settings for specific benefit offerings available to their employees.
Section 125 plans enable employees to pay for certain benefits, such as health insurance premiums, out-of-pocket medical expenses, and dependent care expenses, using pre-tax dollars. This means that the money used for these benefits is deducted from an employee's gross income before federal and state income taxes, as well as Social Security and Medicare taxes, are calculated.