Premium Only Plans
The premium only plan option helps employees save up to 40% on every dollar they contribute to your health plan.
The Section 125 Premium Only Plan (POP) saves you and your employees by reducing payroll taxes. It works by making one simple adjustment in your payroll process: Employees pay their portion of insurance premiums on a pre-tax basis.
Qualifying premiums may include an employee's share of employer-sponsored health, dental, disability, accident, and group-term life insurance.
The POP cuts your taxable payroll by reducing your employee's taxable income. So, both you and your employees pay less in taxes.