Premium Only Plan (POP)

Offer employees a pre-tax premium option.

A Premium Only Plan allows participants to contribute to a variety of group insurance premiums on a tax-free basis. Participants save money on their premiums and their employer saves 7.65% on every dollar participants pay towards the plan. EBC takes care of ensuring that the plan meets all compliance and regulatory requirements allowing the pre-tax contributions.

Eligible Premiums and Contributions

With a premium only plan, participants and employers can make pre-tax payments and contributions in the following instances:

• • • Medical
    • Dental
    • Vision
    • Cancer insurance
    • Accident and disability insurance
    • Group term life (employee only, up to $50,000)
    • Contributions to a health savings account (HSA)*
      *State taxes apply in some cases

Compliance Support

• • • Year-end nondiscrimination testing for cafeteria plans
    • Plan Document and Summary Plan Description

Technology Features

Employer administration is available all day, every day with our online account. Through the online account, employers can:

• • • Access detailed invoices and payment history reports
    • View a consolidated invoice for all EBC administered products
    • Download administrative forms and documents
    • Securely upload documents