[Code of Federal Regulations]
[Title 5, Volume 2, Parts 700 to 1199]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR892.301]

[Page 476-477]
 
                    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 Sec. 550.311(a)(8) and 
Sec. 550.312 of this chapter or, for employers not subject to

[[Page 477]]

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.