The Premium Only Plan (POP) enables employers to offer more affordable health benefits by allowing employees to pay premiums using pre-tax dollars. This not only reduces taxable income but also enhances employee satisfaction.
The Premium Only Plan (POP) enables employers to offer more affordable health benefits by allowing employees to pay premiums using pre-tax dollars. This not only reduces taxable income but also enhances employee satisfaction.
A Premium Only Plan (POP) is a type of Section 125 cafeteria plan that allows employees to pay for their health insurance premiums using pre-tax dollars. This approach effectively lowers their taxable income, resulting in tax savings for both employees and employers. While it simplifies the administration of benefits, it also provides flexibility for employers to manage overhead costs. The POP can cover various insurance types, including health, dental, and vision, making it a comprehensive choice for businesses aiming to provide competitive benefits packages.
Who will use Pop-Plan?
Employers
HR Professionals
Employees seeking tax benefits
How to use the Pop-Plan?
Step1: Employers select the health plans to be included in the POP.
Step2: Employees are informed about the benefits of the POP.
Step3: Employees opt into the plan and select their desired coverage.
Step4: Premiums are deducted pre-tax from employees' paychecks.
Step5: Employers should comply with all Section 125 regulations.
Platform
web
mac
windows
ios
android
Pop-Plan's Core Features & Benefits
The Core Features
Pre-tax payroll deductions for insurance premiums
Reduces taxable income for employees
Flexible plan options for employers
The Benefits
Saves employees money on taxes
Simplifies benefits administration
Enhances employee retention and satisfaction
Pop-Plan's Main Use Cases & Applications
Employee health plan management
Tax savings for employers and employees
Cafeteria plan implementation
Pop-Plan's Pros & Cons
The Pros
Personalized itinerary planning based on user preferences.
Free Basic Plan provides immediate value with 5 tailored day plans.
Affordable paid option (Explorer Plan) to unlock more curated experiences.
Interactive map integration for easy navigation.
Simplifies travel planning, saving users time.
The Cons
Limited information on advanced AI capabilities or integrations.
No publicly available open-source project or code.
Lack of mobile app or extension links may limit accessibility.
Pricing details are minimal; no free trial beyond basic plan.
Potentially limited to travel itinerary use without broader AI functionalities.
Pop-Plan's Pricing
Has free plan
YES
Free trial details
Pricing model
Freemium
Is credit card required
No
Paid from
5
Has lifetime plan
No
Billing frequency
Details of Pricing Plan
Basic Plan
0
Access 5 personalized day plans
Discover hidden gems and popular spots tailored to your interests
Explorer Plan
5
Unlock 10 additional personalized day plans
Dive deeper into exclusive experiences and local favorites