The Premium Only Plan (POP) is a tax-savings plan for groups where employees share in the cost of benefits through payroll deduction.

Employees save $25 to $40 on every $100 they contribute through payroll deduction. Qualified contributions include an employee's share of employer-sponsored health, dental, disability, accident, and group-term life insurance. An employee's share of contributions to a health saving account (HSA) will also qualify for tax savings when paid through payroll deduction.

The Premium Only Plan saves the employer taxes as well. That's because the employer saves about 8% (the FICA payroll tax match) on every dollar employees contribute through payroll deduction.

For more information, contact Teresa Harper at 1-800-551-2090 ext. 7417 or by e-mail at teresah@verdeservices.com.