We are about to offer health benefits (I will pay 1/2 emp premium). Is there a way to set up payroll for my 1/2 & their 1/2 to be used pretax every week?
You have two transactions going on. Only the employee pretax deduction should appear on paystub. you set it up as a pretax deduction similar to 401K contribution IF your benefit qualifies, otherwise it is an after tax deduction like child support.
You will essentially pay 100% of the bill but 50% will post back from employee deduction and thus your expense is 50% of the check you cut. You can set the billing to recur along with payroll if you remit after each payroll. Otherise just have the monthlyh bill autopost or auto pay.