Here’s a look at the monthly contributions you’ll pay for each plan. Note that these contributions will be deducted from your paycheck before taxes are calculated.
Premiums are displayed monthly, and your payroll deductions are based on your pay schedule; bi-weekly or semi-monthly.
(you pay premiums on a post-tax basis)
Proofpoint’s contributions for domestic partner benefits are considered taxable income, as is the value of basic life insurance coverage over $50,000. Unless your domestic partner qualifies as your tax dependent under IRS rules, contributions for their coverage are after-tax, and the company’s portion will be reported as taxable income on your W-2. Contact your tax advisor for guidance and open a case if your domestic partner is your tax dependent, at this link: Workday Help Case.