Premium Only Plans (POP) are part of section 125 of the IRS code that allow employers to take insurance premiums from their employee’s paychecks on a pre-tax basis.  POPs are stand-alone plans (not tied to any particular insurance product) and they are a win-win for the employer and the employee.  A POP allows employees to save on federal and state income tax and FICA taxes because it reduces the total taxable income of an employee.  POPs also reduce the employer portion of the FICA tax because it lowers the employees taxable income. 

POPs are easy and extremely inexpensive to set up.  Expert Insurance Services will make sure that your POP is set up correctly and that you are always in compliance with Federal mandates that regulate these plans.  To set up a Premium Only Plan today, please click HERE.