Social security taxes are collected through payroll deductions and appear on your pay stub as FICA. Both employees and employers pay the tax based upon a percentage of income. The percentages change as income increases.
Group health insurance premiums funded by employers do not count as income, and are not subject to FICA taxation. Employees typically elect to pay their portion of healthcare premiums using pretax elections, which reduces reported income and the amount of FICA taxes paid.
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Group health insurance premiums funded by employers do not count as income, and are not subject to FICA taxation. Employees typically elect to pay their portion of healthcare premiums using pretax elections, which reduces reported income and the amount of FICA taxes paid.