Question 1

Can we establish a group insurance Premium Only Plan?

admin · Accepted Answer

Yes. This is the easiest type of plan to install. Although essentially the same paperwork is required, a POP has less administration to it. But installing just a POP needlessly keeps employees from benefiting from the other two tax advantages permitted by Section 125.

Question 2

Can we establish a group insurance Premium Only Plan?

admin · Accepted Answer

Yes. This is the easiest type of plan to install. Although essentially the same paperwork is required, a POP has less administration to it. But installing just a POP needlessly keeps employees from benefiting from the other two tax advantages permitted by Section 125.