Premium Only Plan

Premium only plans allow the portion you pay for group insurance to be taken out of your paycheck before state and federal taxes are withheld. Converting these premiums to a pre-tax instead of after-tax expense reduces your taxable income — which means more take-home pay for you.


Contact your employer to see if they offer a premium only plan. Insurance premiums and health plan dues that can be converted to pre-tax expenses include:

  • Health
  • Dental
  • Vision
  • Group term life/AD&D
  • Disability
  • HSA contributions
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Wellmark Blue Cross and Blue Shield is an Independent Licensee of the Blue Cross and Blue Shield Association doing business in Iowa and South Dakota.
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