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What is the Pre-tax contribution program?

April 26, 2017contribution pre-tax program

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What is the Pre-tax contribution program?

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Under this program, you may have your share of your health insurance premium deducted from your gross wages before taxes are withheld. This program may lower your taxes. However, if you pre-tax you are limited in the types of changes you can make to your plan. You may NOT cancel your plan or remove otherwise eligible dependents and change to an individual plan unless you have a qualifying event. See below for qualifying events.