|
Employees save
25% to 40%
Enrollment System
Consumer-directed health accounts
Child dependent
care accounts
Elder care & adult daycare accounts
Adoption assistance accounts
Commuter benefit accounts
Premium Only Plans
Advantages to Employers
Administrative Tools
|
|
Employee savings with take care |
|
John Doe: Single, no exemptions |
Without POP |
With POP |
|
Annual
salary |
$ |
30,000 |
$ |
30,000 |
|
Pre-tax health plan contributions |
|
0 |
|
-2,400 |
|
Taxable income |
$ |
30,000 |
$ |
27,600 |
|
Estimated taxes (30.65%) |
$ |
-9,195 |
$ |
-8,460 |
|
After-tax health plan contributions |
$ |
-2,400 |
$ |
0 |
|
Net take-home pay |
$ |
18,405 |
$ |
19,140 |
|
Increase in take-home pay |
$ |
0 |
$ |
735 |
Annual health plan contributions by employee are based on a monthly premium of $200. Estimated taxes (30.65%) based on an average 20% federal, 7.65% FICA, and 3% state tax rates (where applicable).
Note: Social security benefits at retirement could be affected.
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