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HomeRecruitment GuideGlossary Terms A-ZPremium only plan (POP)
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Premium only plan (POP)

Premium Only Plans are an excellent solution for saving pre-tax dollars on group insurance premiums for many employers. They are ideal for businesses that want to provide some kind of tax benefits for eligible employees without offering a comprehensive Flexible Spending Account Plan. Instead of providing a pre-tax advantage for benefits sponsored by the employer, such as a Health Savings Account or group insurance, a POP is a cost-effective alternative satisfaction of an employer’s legal obligation. However, while it does save on administration costs and reduce payroll taxes, it doesn’t provide benefits and services equal to a standard FlexSystem FSA.

Related Terms

  • Section 125 POP
  • POP Plan
  • Legal Disclaimer

    The content on our website is only meant to provide general information and is not legal advice. We make our best efforts to make sure the information is accurate, but we cannot guarantee it. Do not rely on the content as legal advice. For assistance with legal problems or for a legal inquiry please contact you attorney.

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