A Premium Only Plan (POP) is a creative way for employers to offer great benefits to employees while also reducing costs for both the employer and employee. A POP requires employers to set aside a fixed amount of pre-taxed dollars deducted regularly from the payroll. The employee then purchases his/her own insurance and is reimbursed with the pre-taxed dollars. Both the employer and employee save a significant amount of money on premiums and taxes with a POP plan.
With recent healthcare reform requirements, POPs are becoming increasingly popular. Find out if a POP plan can help your company comply with healthcare reform without breaking the bank.
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Employee Group Benefits
Premium Only Plans (POPs)