Premium only plan (POP)
Help your employees reduce tax expenses, while better managing your healthcare costs.
Premium Only Plans benefit both you and your employees
Tax benefits for your business:
- Reduce your payroll tax costs (Social Security, Medicare and other payroll tax expenses).
- Offsets the rising cost of benefit premiums with your payroll tax savings.
- Decreases your health insurance contributions with little to no effect on employee costs.
Tax benefits for employees:
- Employees' taxable salary is reduced because they will use pre-tax dollars to pay part of their insurance premiums.
- The amount of their take-home pay increases because they pay less tax.
Getting your premium only plan set up couldn’t be simpler
With Automatic Data Processing Insurance Agency, Inc. (ADPIA), a dedicated team of professionals will help you to calculate your savings and implement your POP. Your ADPIA team will deliver the service and support you want, including:
- Delivering summaries and documentation
- Providing access to ongoing plan reporting
- Maintaining documents to help keep you in compliance
- Integrating your POP into your ADP payroll processing
POP Tax Savings Calculator
Find out how much you and your employees could save with ADP’s Premium Only Plan (POP)!*