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Flexible Benefits
Medical Reimbursement Accounts - Section 105
Premium Conversion Plans
Medical Reimbursement Accounts - Section 105		 Medical Reimbursement Accounts - Section 105
Medical Reimbursement Accounts - Section 105
Medical Reimbursement Accounts - Section 105 Premium Conversion Plans Medical Reimbursement Accounts - Section 105
Medical Reimbursement Accounts - Section 105 Medical Reimbursement Accounts - Section 105 Medical Reimbursement Accounts - Section 105
Medical Reimbursement Accounts - Section 105 Flexible Spending Accounts Medical Reimbursement Accounts - Section 105
Medical Reimbursement Accounts - Section 105 Medical Reimbursement Accounts - Section 105 Medical Reimbursement Accounts - Section 105
Medical Reimbursement Accounts - Section 105 Health Reimbursement Agreements Medical Reimbursement Accounts - Section 105
Medical Reimbursement Accounts - Section 105 Medical Reimbursement Accounts - Section 105 Medical Reimbursement Accounts - Section 105
Medical Reimbursement Accounts - Section 105 Parking Reimbursement Plans Medical Reimbursement Accounts - Section 105
Medical Reimbursement Accounts - Section 105
Medical Reimbursement Accounts - Section 105
COBRA Administration
Contact Combined Services LLC:
COBRA Administration
Phone:
COBRA Administration
COBRA Administration
 1 603 227-2000
Toll-Free:
COBRA Administration
 1 888 249-9966
Fax:
COBRA Administration
 1 603 224-4256
Email: Flexible Benefits Department
COBRA Administration

Send a link to this page to your Insurance Provider right now.
A Premium Conversion Plan allows employees to pay for their share of group health, life, dental and disability* insurance premiums with pre-tax dollars. The employee will reduce their taxable income and pay less in Federal and State income tax and Social Security tax. The net result is more take-home pay.
Medical Reimbursement Accounts - Section 105
*Caution: Unlike other benefits if employee pays disability premiums pre-tax the benefit at point of claim becomes taxable and subject to Federal and State tax and Social Security tax. You can refer to the Benefit Administration Guide for more information.
Medical Reimbursement Accounts - Section 105
Employee: Employer:
Medical Reimbursement Accounts - Section 105
•Advantages •Advantages
Medical Reimbursement Accounts - Section 105
•Tax-Savings Example •Tax-Savings Example

Medical Reimbursement Accounts - Section 105
Combined Services LLC has compiled a comprehensive Online Flexible Benefits Administration Guide for you, the Benefits Administrator/Employer. If you have questions, please feel free to contact Combined Services LLC. Our representatives are available Monday through Friday from 8:00 a.m. to 4:30 p.m. (EST).
Medical Reimbursement Accounts - Section 105
Combined Services LLC
Medical Reimbursement Accounts - Section 105
Employee Advantages
Medical Reimbursement Accounts - Section 105
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• Allows employee to use pre-tax dollars to pay for group insurance premiums.
• Lowers the employee's taxable income, thereby lowering Federal, State and FICA taxes.
• Lower taxable income results in increased take-home pay.
• Adds a benefit choice.
• Increases employee awareness of employer-provided benefits.
Premium Conversion Plans - Section 125
Combined Services LLC
Medical Reimbursement Accounts - Section 105
Employee Tax-Savings Example
Medical Reimbursement Accounts - Section 105
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Premium Conversion Plan Without Pre-Tax With Pre-Tax
Gross Monthly Salary $2,000.00 $2,000.00
Pre-tax Insurance Premium $0.00 (200.00)
Taxable Income $2,000.00 1,800.00
Income Taxes (300.00) (270.00)
FICA Taxes (153.00) (137.70)
Insurance Premiums (200.00) (0.00)
Spendable Income $1,347.00 $1,392.30
In this example, the monthly increase in spendable income is $45.30, which calculates to $543.60 annually!

Wouldn't you like this money in YOUR pocket?
Combined Services LLC
Medical Reimbursement Accounts - Section 105
Employer Advantages
Medical Reimbursement Accounts - Section 105
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• Lowers the employer's Social Security tax.
• Lowers the employer's Federal Unemployment Insurance cost.
• Increases the employee's awareness of employer-provided benefits.
• May reduce future claim costs because employees learn to use their benefits more wisely.
Combined Services LLC
Medical Reimbursement Accounts - Section 105
Employer Tax-Savings Example
Medical Reimbursement Accounts - Section 105
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Employer Tax-Savings Example 		Medical Reimbursement Accounts - Section 105
Membership Type Monthly Employee Contribution Number of Contracts X 12 months Annual Employee Contribution
Single $___________ X___________ = $__________
Two Person $___________ X___________ = $__________
Couple $___________ X___________ = $__________
Family $___________ X___________ = $__________
Total $___________ X___________ = $__________
Total Pre-tax Premiums $__________
FICA Tax (7.65%) X .0765
Total FICA Savings $__________
Medical Reimbursement Accounts - Section 105
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