Premium Only Plans (POPs)

Give your employees the ability to pay for their portion of group health insurance premiums tax free with a Premium Only Plan (POP). An employee POP can help them save 20% or more on insurance premiums, just by purchasing the same benefits they buy every year, including:

  • Health
  • Prescription
  • Dental
  • Vision
  • Employee Group Term Life (up to $50,000)
  • Voluntary Benefits
  • HSA Funding

As health care expenses change, employee elections are adjusted allowing the purchase to be made with pre-tax dollars. While employees are increasing their take-home pay, employers save the matching payroll taxes, and potentially Federal and State unemployment taxes. An employee POP offers a win-win situation for employers and employees alike.

We also offer non-discrmination testing of key employees in regard to eligibility, contributions allowed and benefits provided. This additional POP service occurs annually to help keep you compliant.

Contact your experts at Flex today for more information on employee premium only plans.