Pop-Plan

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.

Added on:

Jun 27 2024

Social & Email:

Platform:

AI Chatbot

AI Trip Planner

Pop-Plan

Added on:

Jun 27 2024

Social & Email:

Platform:

Features & Applications

Pop-Plan Product Information

What is Pop-Plan?

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 of Pop-Plan

Pre-tax payroll deductions for insurance premiums
Reduces taxable income for employees
Flexible plan options for employers

The Benefits of Pop-Plan

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

FAQs of Pop-Plan's

What is a Premium Only Plan?

A POP is a Section 125 cafeteria plan enabling employees to pay health premiums with pre-tax dollars.

How does a POP save employees money?

By allowing premium payments with pre-tax dollars, it reduces their taxable income.

What types of premiums can be included?

Health, dental, and vision insurance premiums are typically included.

Is a POP beneficial for employers?

Yes, it helps manage overhead costs and can attract and retain talent.

How do employees enroll in a POP?

Employees usually sign up during open enrollment periods or through HR.

Are there administrative requirements for a POP?

Yes, employers must comply with Section 125 regulations and maintain proper documentation.

Can part-time employees participate?

Participation eligibility depends on the employer's specific plan provisions.

Is a POP the same as an FSA?

No, a POP specifically pertains to health insurance premium payments, while FSAs cover various medical expenses.

What happens if an employee leaves the company?

Premium deductions will cease, and they may need to continue with COBRA or other coverage options.

Can employers change the terms of the POP?

Yes, but changes must comply with Section 125 regulations and be communicated to employees.

Pop-Plan Company Information

Website: NA
Company Name: NA
Support Email: NA
Facebook: NA
X(Twitter): NA
YouTube: NA
Instagram: NA
Tiktok: NA
LinkedIn: NA

Analytic of Pop-Plan

Visit Over Time

Monthly Visits

Avg.Visit Duration

00:00:00

Page per Visit

0.00

Bounce Rate

0.00%

Jun 2024 - Aug 2024 All Traffic

Traffic Sources

Mail

0.00%

Direct

0.00%

Social

0.00%

Referrals

0.00%

Paid Referrals

0.00%

Jun 2024 - Aug 2024 Desktop Only

Pop-Plan's Main Competitors and alternatives?

Flexible Spending Accounts (FSA)
Health Savings Accounts (HSA)
Traditional employee benefits plans