Both the PHMP deduction and the Benefit Payment put more money in your paycheck. The Plan Premium is deducted pre-tax, which lowers your taxable income — saving you even more money. The Benefit Payment covers the entire cost of the Proactive Health Management Plan and increases your take-home pay.
Before the PHMP
$960.00
Gross Income
EQUALS
$960.00
Taxable Income
MINUS
$179.39
Taxes
$780.62
Take-Home Pay
AFTER the PHMP
$960.00
Gross Income
MINUS
$348.46
PHMP 125 Deduction
EQUALS
$611.54
Taxable Income
MINUS
$101.67
Taxes
PLUS
$288.46
PHMP Indemnity
$798.34
Take-Home Pay
The examples in this document are based on sample data representative of a single-0, $12/hour, 40 hours/week, $24,960 Annual Gross tax filing. To determine your individual benefit, call (866) 673-2140 and speak to an Enrollment Specialist.