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Here are 3 typical examples:
1. Single parent with one child
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Here’s an example of how a typical employee’s take-home pay will increase as a result of participating in the plan. An employee makes $2,000 each month and decides to participate in her employer’s plan. She pays her insurance premiums, health and daycare expenses through the plan with tax-free dollars – and she actually saves $100 each month!
Her paycheck
without the plan
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Her paycheck
with the plan |
Salary
FICA, federal &
state taxes
Insurance
premium
Health & daycare
expenses
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Salary
Insurance
premium*
Health & daycare expenses*
Adjusted earnings
FICA, federal & state taxes |
$2,000
-100
-300
$1,600
-400
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Net pay
without the plan |
$1,100
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Net pay
with the plan
*paid through the plan |
$1,200 |
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| CLICK HERE for a worksheet to calculate your own savings! |
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Co-pays to doctors & pharmacies
Drugs (over-the-counter & prescription)
Eye exams & LASIK
Prescribed sunglasses & eyeglasses
Dental services
Quit-smoking program
Before and after-school care & daycamp
Subway or bus to work
TOTAL BUDGETED EXPENSES
SAVES $1,671 to $2,674 |
$
$
$
$
$
$
$
$
$
|
135
540
80
200
160
125
5,000
444
6,684 |
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| 2. Young couple with two children |
Co-pays to doctors & pharmacies
Drugs (over-the-counter & prescription)
Eye exams, surgery & LASIK
Prescribed sunglasses & eyeglasses
Dental services
Sealants, crowns & bridges
Braces, spacers & retainers
Chiropractor & podiatrist fees
After-school care, daycamp & pre-K
Parking located near place
of employment
TOTAL BUDGETED EXPENSES
SAVES $2,236 to $3,578 |
$
$
$
$
$
$
$
$
$
$
$
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210
720
160
400
320
200
1,500
910
4,080
444
8,944 |
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| 3. Mature couple with dependent elder |
Co-pays to doctors & pharmacies
Drugs (over-the-counter & prescription)
Eye exams, surgery & LASIK
Prescribed sunglasses & eyeglasses
Dental services
Dentures, sealants, crowns & bridges
Chiropractor & podiatrist fees
Physical therapy
Quit-smoking program
Weight-loss program
(for specific disease)
Elder daycare for dependent adult
Parking located near place
of employment
TOTAL BUDGETED EXPENSES
SAVES $3,635 to $5,816 |
$
$
$
$
$
$
$
$
$
$
$
$
$
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360
1,260
800
2,120
240
1,200
910
1,560
125
520
5,000
444
14,539 |
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