I understand the concepts from this question and everything I have read says that the benefit of pre-tax expenses are that they reduce your taxable income.
But to keep the math simple, let's say that it costs me $900 monthly to insure my family privately and my employer's plan costs $1200. Let's also say I pay a 25% tax rate. Assume the coverages are equal.
Since $900 is 75% of $1200 and my take-home pay is 75% of my pay rate, do the plans essentially "cost the same"?
Or is this faulty thinking?