While employers are free to name a deduction code anything they like, here are recommended deduction code names.
While you’re free to name a deduction code anything you’d like, here are names that we typically recommend:
Benefit Type | Deduction Code Name |
Medical Insurance | Medical Pre-Tax |
Dental Insurance | Dental Pre-Tax |
Vision Insurance | Vision Pre-Tax |
Health Savings Account (HSA) | HSA Pre-Tax |
Flexible Savings Account (FSA) | FSA Pre-Tax |
401k | 401k |
Roth 401k | Roth 401k |
401k Employer Match | 401k ER Match |
Life Insurance | Life Post-Tax |
Long Term Disability (LTD) | LTD Post-Tax |
Short Term Disability (STD) | STD Post-Tax |
Transit Commuter | Transit Pre-Tax Transit Post-Tax |
Parking Commuter | Parking Pre-Tax Parking Post-Tax |
Cancer Insurance | Cancer Insurance Post Tax |
Accident Insurance | Accident Insurance Post Tax |
Critical Illness Insurance | Critical Illness Insurance Post Tax |
Hospital Indemnity Insurance | Hospital Indemnity Insurance Post Tax |