What options for payment are available to an individual who leaves the company and wants to continue his/her individual coverage?
An individual can choose EFT or direct billing. If the employer notifies Assurant Health to remove an employee from a payroll deduction (List Bill) account, this individual is automatically placed on quarterly direct billing. • Can the employer payroll deduct the premiums for dependent insurance? Yes. • Can independent contractors pay premiums through payroll deduction? Yes. However, in DE, ID, MD, NC, and OR, the employer must have more than 50 full-time employees in order to payroll deduct for independent contractors who receive a 1099. • Can premiums be deducted on a pre-tax basis for employees? No. Deductions for premiums must be on a post-tax basis.
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