POP

Features of a Premium Only Plan (POP):

• A POP is a pre-tax salary reduction plan that allows employees to pay for group insurance premiums
• Creates tax savings on the premium contributions made for insurance
• Employers are exempt from Social Security taxes on contributions
• Employers will save at least the Social Security matching tax of 7.65%.  

Advantages of a Choice Strategies POP:

• For a nominal fee, Choice Strategies will provide you with the necessary tools to keep your POP plan in compliance, including:
  • Plan Document
  • Summary Plan Description
  • Adoption Agreement
  • HIPAA Privacy Statement