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Premium Only Plans
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The Premium Only Plan (P.O. P.) |
Everyone Saves with a P.O. P.
TAX SAVINGS!
Cut your payroll taxes and increase your employees' take-home
pay with the Premium Only Plan (P.OP), a simple change in a firm's payroll
process made possible by a special provision of Section 125 of the IRS
code. And we've made all the arrangements with Ceridian Benefits Services
to offer affordable P.O. P. administration services to Anthem blue cross groups
...making it easy to achieve significant tax savings!
P.O. P. Plan Advantages
Employer Advantages:
- Lower payroll taxes
- Low administrative service pricing - P.O. P. is available from
Ceridian for only $125 per year and the first year is
free for employers with 10+ enrolling employees in both our medical
and life products
- Simple, easy set-up through Ceridian
- Increased employee satisfaction
Employees Advantages:
- More take-home pay
- Reduced taxes
- Tax savings helps offset premium costs
How Much Can Your Company Save?
With P.O. P., your company's total taxable payroll is
reduced by the amount of your employees' premium contributions. Employees
use pre-tax dollars to pay their share of monthly premiums and also
save by paying lower FICA, federal and applicable state/local taxes.
Both employers and employees save ...without impacting underlying coverage
decisions.
To see how much your company can save, just open this
Excel spreadsheet and enter new amounts in the four shaded cells: POP
Savings Worksheet
To review our complete Employer's Guide to The Premium
Only Plan (P.O. P.), click on this link: POP
Brochure
For more information, please contact your Anthem blue cross Agent
or cal Customer Service at (800) 627-8797.
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