[Code of Federal Regulations]
[Title 5, Volume 2]
[Revised as of January 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR892.301]

[Page 523-524]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
          CHAPTER I--OFFICE OF PERSONNEL MANAGEMENT (CONTINUED)
 
PART 892_FEDERAL FLEXIBLE BENEFITS PLAN: PRE-TAX PAYMENT OF HEALTH 
BENEFITS PREMIUMS--Table of Contents
 
                Subpart C_Contributions and Withholdings
 
Sec. 892.301  How do I pay my premium?


    As a participant in premium conversion, instead of having your 
premium withheld from after-tax salary, your salary will be reduced 
(through a Federal allotment) by the amount equal to yourFEHB premium, 
which you will allot to your agency. The allotment from salary satisfies 
the FEHB premium payment requirement of 5U.S.C. 8906. Your employer is 
authorized to accept this allotment under

[[Page 524]]

Sec. 550.311(a)(8) and Sec. 550.312 of this chapter or, for employers 
not subject to those regulations, a similar mechanism.Your agency will 
use the allotment to pay your share of your FEHB premium. This will 
reduce your taxable income as described in Sec. 892.102.