Premium Only Plan (POP)

What is a POP and Why Choose It?

  • Enables employers and employees to pay for group insurance premiums (such as medical, dental and vision) with pre-tax dollars. 
  • Satisfies your legal obligation to offer a pre-tax option for either your group health insurance benefit or your Health Savings Account (HSA) benefit.
  • The employer saves 7.65% FICA taxes on each pre-tax dollar; this is typically enough to cover the low administration fees for a POP Plan.

The FlexSystem POP includes: 

  • Client Administrative Manual
  • Plan Document
  • Summary Plan Description
  • Employee Handouts
  • Toll-free Support
  • Newsletters
  • 30-day Money Back Guarantee

Employer Benefits

Save 7.65% FICA taxes on each dollar pre-taxed through a POP.  See example below: 

  • National average paid employee premiums are $300/month.
  • Assume 30 POP Participants.
  • $300 x 30 x 12 months = $108,000 in pre-tax dollars spent each year.
  • Your FICA savings = $8,262 annually

Employee Benefits

  • Section 125 enables your employees to pay for certain benefits through pre-tax payroll deduction.
  • Enables your employees to pay their share of their group insurance premiums (such as medical, dental and vision) with pre-tax dollars.
  • Using pre-tax dollars helps your employees save on income taxes.

Easy Online Application

Save time and paper by completing the web-based application below.  Once you have submitted your application, you will be contacted by a TASC Added Advantage team member within 48 hours to complete the application process and answer any questions you may have.

Questions?   Contact TASC Added Advantage at 1.888.595.2261 x 17730, or via email at addedadvantage@tasconline.com.

You may also contact us to obtain information about a full Flexible Spending Account (FSA) Plan.