Is Partner's Exclusion from POP Cafeteria Plans a Wash?

[namealreadyinuse]

Partner's can't participate in a premium only plan, but don't they get to exclude the premiums on their returns? If so, that sounds like a wash. What am I missing?

[Guest mjb]

the Partner's premiums are subject to SECA tax (2X the FICA/medicare tax, or 2X the medicare tax if net earnings are in excess of 94K). Employee contributions to a 125 plan are exempt from FICA tax.