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Most health insurance carriers require employers to pay a minimum of 50 percent of their employees’ health insurance premiums based on the lowest cost health insurance plan. If an employer pre-taxes the employees' cost share of their premium, or their dependents' premiums, then it is imperative for the employer to have a section 125 Premium Only Plan “POP” in place. This plan document is needed for IRS compliance. Please contact me with any questions. |
| Monty Dise, President Asset Protection Group, Inc. mdise@apgroupinc.com 804-423-7700 |
Independent Insurance Agents of Virginia