my name is Susan Colmes and I'm an insurance broker for comson company today we're going to be talking about what is pre-tax insurance so pre-tax insurance is when you as an employee are able to make your contribution towards your insurance premium before your income is taxed so how this is done is your employer typically sets up a section 125 so that you can make your contribution towards your health insurance premium as a pre-tax so what that means for you is you get higher take-home pay and it's also a benefit for the employer because then the employer doesn't pay FICA which is Social Security and Medicare on those wages that are being utilized to pay your health insurance premium so the best thing to do is if you have any questions talk to your HR professional within your office and see if this is something that can be utilized and you can take advantage of um for your benefits
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Pre-tax insurance is when you are able to make contributions towards your insurance premium before your income is taxed. Find outa bout pretax insurance with help from a longtime insurance specialist in this free video clip.
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