For some employers, Premium Only Plans (POPs) are a great solution! These Plans are for employers who do not want to offer a full Flexible Spending Account (FSA) Plan, but still want to offer a tax benefit for their eligible employees.
A POP is a Section 125 Cafeteria Plan that allows employer-sponsored premium payments to be paid by the employee on a pre-tax basis instead of after-tax. Coverage may include the following:
• Group Medical
• Group Dental
• Group Vision
• Group Disability
• Group Term Life Insurance
The result is a tax savings for employers and employees alike!
ACA Compliance Solution Services, Inc.
20058 Ventura Blvd., 20 Woodland Hills, CA 91364