Under the health insurance mandate, employees paying for coverage with after-tax dollars lose money to income and payroll taxes. Section 125 payroll deduction plans let them pay pre-tax instead, reducing their taxable income and keeping more of their paycheck.
According to the new government-mandated healthcare regulations, every U.S. citizen will now be required to purchase health insurance, either through their employer or on their own. But employers are not necessarily required to pay for this coverage. Employers can pass all or some of the cost on to their employees, or in some cases, they can simply pay the new mandated penalty and allow employees to purchase health insurance on their own through their state insurance exchange. But when employees purchase insurance using their own money, either through their employer or through a state exchange, the expense will not be tax deductible, which means that they must pay income and payroll taxes on their earnings before they can pay for insurance benefits. So how can employees get a tax deduction on the cost of their health insurance? With a tax-exempt payroll deduction plan in compliance with Internal Revenue Code
MONETARY DEVALUATION: PRECIOUS METALS - Insurance Lead Conversion Video | WebPrez
FIXED INDEX ANNUITY DECISION ASSURANCE - Insurance Lead Conversion Video | WebPrez
