Are your employees contributing to the cost of their health insurance coverage? If so, are they doing it with pre-tax or after-tax dollars?
If you are confused by that question it’s likely that you are not using a “Section 125″ program to lower the cost of providing benefits to your employees.
Section 125 refers to the section of the federal tax code that allows employees to pay for their health insurance benefits using pre-tax dollars.
The result is a:
- A tax savings for the Employer by reducing the matching FICA taxes
- A tax savings for your Employees on their state and federal taxes
Everyone saves! We have some trusted partners that can provide this service to your company at no cost. Please give us a call at 412-816-2228 to see if your business can take advantage of this valuable option.
