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
- The result is that you pay less in taxes and have more spendable
- 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).