Enrollment in PIPP allows for your premiums to be subtracted from your gross salary before computing taxes, which will reduce the amount you pay in federal, state and social security taxes. When you elect this benefit, you may not use your health, dental and vision premiums as a deduction when you file your federal and state income tax returns. When you enroll in any insurance plan, you will be automatically enrolled in PIPP as well. If you elect insurance coverage and do not want PIPP, you must complete a form declining PIPP election.
Most people get no tax relief for what they have to pay for health care.
PIPP reduces your annual income and could have a slight impact on your social security benefits.