Moceri Minute

A new trend in some businesses is to offer pet insurance and people are asking if this is a pre-tax benefit. The answer is NO. 

Unlike employer-paid health insurance for workers, which is not included in taxable wages, the value of employer-paid pet insurance is taxable income. Many employers who offer pet insurance benefits do not subsidize the cost, and employees who opt-in pay their share through post-tax payroll deductions.