Will members of The CHAMP Plan™ receive a 1099?

The CHAMP Plan™ is a self-funded and self-insured Section 125 Cafeteria Plan sanctioned by the IRS, thus it is not a taxable benefit requiring a 1099.

A Cafeteria Plan is a separate written plan maintained by an employer for employees that meets the specific requirements and regulations of Section 125 of the Internal Revenue Code. It provides participants with an opportunity to receive certain benefits on a pretax basis.