Premium Only Plan (POP)

If your clients provide their employees employer-sponsored insurance plans or are considering it, and they are not taking advantage of the tax savings opportunities for them, and their employees, through a Premium Only Plan (POP), now is the time to introduce them to EZPOP.

The Premium Only Plan is a tax-savings plan for groups where employees share in the cost of benefits through payroll deduction.

Employees save $25 to $40 on every $100 they contribute through payroll deduction. Qualified contributions include an employee's share of employer-sponsored health, dental, disability, accident, and group-term life insurance. An employee's share of contributions to a Health Savings Account (HSA) will also qualify for tax savings when paid through payroll deduction.

The Premium Only Plan saves the employer taxes as well. That's because the employer saves about 8% (the FICA payroll tax match) on every dollar employees contribute through payroll deduction.