[Code of Federal Regulations]
[Title 5, Volume 2]
[Revised as of January 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR892.301]

[Page 544]
 
                    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 your FEHB premium, 
which you will allot to your agency. The allotment from salary satisfies 
the FEHB premium payment requirement of 5 U.S.C. 8906. Your employer is 
authorized to accept this allotment under Sec.  550.311(a)(7) 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.

[65 FR 44646, July 19, 2000, as amended at 71 FR 66828, Nov. 17, 2006]