How will Employees benefit?
Employees save 22.65% to 40% of their pre-tax Section 125 premium deductions in just federal income taxes alone. The actual tax savings are on city, state, and federal income taxes, including Social Security and Medicare taxes on all money employees use to pay for their portion of insurance premiums. With the Shared Benefit Plan, employees' take-home pay is increased which helps reduce the high cost of providing health coverage for family members.