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Pre-tax Premium Conversion

 

Section 125 of the United States Tax Code allows you to exclude your Medical and Dental premiums from your taxable income.   Therefore, you may elect to pay these premiums on a pre-tax basis and therefore reduce the amount withheld from your paycheck for Federal, State and FICA (Social Security/Medicare) taxes.   Individual savings will vary based on your income, number of exemptions, and your tax bracket.

 

At the time you first enroll in Medical or Dental, you will elect how you want the premiums deducted.   While after-tax is the default, the majority of employees choose to pre-tax their premiums.    But be cautious.    Once you elect to pre-tax, you cannot drop your coverage until the end of the year, or unless you are within 31 days of a qualified event.   Qualifying events are defined by the IRS and include marriage, birth of a child, divorce and death.

 

 

Additional Pre-Tax Forms

 

Pre-Tax Form

Pre-Tax Form Change taxation of your Medical and Dental premiums (post-tax to pre-tax or vice versa)
SPD - Flexible Benefit Plan Summary Plan Description for premium conversion



University of Arkansas for Medical Sciences
4301 W. Markham St., Little Rock, AR 72205

For the Office of Human Resources & Employee Services, Call 1-501-686-5650

To Make an Medical Appointment Call the Appointments Center at: 1-501-686-8000
For Patient Information/Rooms, Call 1-501-686-6416
For General Information and for Numbers Not Listed, Call 1-501-686-7000
For International Patient Appointments, Call 1-501-686-8071



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