Navigation

Official Blog

702-871-8678

Bi-Weekly Health Insurance Deductions

Date: 11/30/2005 | Category: Business | Author: Diana Heeb Bivona

For those of you who use a bi-weekly payroll schedule, health insurance deductions are rated at half of the total monthly premium per employee.

Employers must remember that twice a year, there will be an occurence of three pay dates within one calendar month. Take extra precautions during those months to make sure that the last paycheck does not have a premium withheld. This would mean that the employee has over-paid their monthly health insurance premium.

Those of you who use payroll software should verify with the manufacturer or tech support if the payroll software will automatically stop the deduction, or if you would need to manually stop it, and then restore the settings for the following pay period. Most software will not automatically do this.

For more information about Resident agent or Incorporation visit us at IncPardise.com or call at 888-284-3821

Share this article...
Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Email this to someonePrint this page
« Return to all articles