"Should you let Uncle Sam convert your health premiums to non-taxable income in October? For most federal workers, the answer is yes. But for a handful of employees, it would be better to let the government tax their health premiums.... Taking health premiums out of your taxable income will lower your Social Security retirement benefits. For most people, the benefits of having more take-home pay now outweigh the benefits of slightly larger Social Security retirement benefits."  MORE >>