A premium conversion allows the policy holder of an insurance plan to pay monthly fees using pre-tax dollars instead of with part of the take-home paycheck. Consider a premium conversion withinformation from an insurance representative in this free video on insurance. Expert: John Pinelli Bio: John Pinelli is a financial representative. Filmmaker: Bing Hugh Series Description: Medicare insurance benefits are quite limited, and they may only cover major procedures that are absolutely necessary for the patient to function in day-to-day life. Supplement Medicare with more extensive dental insurance and more with information from an insurance representative in this free video series on health insurance.