|
Employees save
25% to 40%
Enrollment System
Consumer-directed health accounts
Child dependent
care accounts
Elder care & adult day care accounts
Adoption assistance accounts
Commuter benefit accounts
Premium Only Plans
Advantages to Employers
Administrative Tools
|
|
Employer savings with take care |
|
XYZ Company has 10 employees |
Without
POP |
With
POP |
|
Annual
payroll |
$ |
300,000 |
$ |
300,000 |
|
Annual pre-tax payroll deduction |
|
0 |
|
-24,000 |
|
Taxable payroll |
$ |
300,000 |
$ |
276,000 |
|
Annual social security tax |
$ |
22,950 |
$ |
21,114 |
|
Total annual employer
social security tax savings |
$ |
0 |
$ |
1,836 |
Annual pre-tax payroll deductions are based on insurance premiums averaging $200 per month per employee. Annual social security tax is based on tax rate of 7.65%.
|
