Employee Benefits
Flexible Benefits - Premium Conversion
How It Works
- First, you pay your share of your State health benefits premium through payroll deduction before taxes are deducted.
- Then taxes are calculated and deducted on the balance of your earnings.
- The result is that you pay less in taxes and have more spendable income.
Eligibility
- Active full-time employees who participate in the State Health Benefits Program, and pay their share of the health benefits premium through payroll deduction, automatically receive the pre-tax benefit (Premium Conversion).