Marketplace

Section 125 Pretax Plan Advantages

Discover how a Premium-Only Plan (POP) from Flyte HCM can help your clients save on healthcare costs while providing valuable benefits to employees. Our POP solution offers employers a tax-advantaged way to deliver premium payments for certain benefits on a pre-tax basis, reducing taxable income for both employers and employees.

Value Propositions:
- Tax Savings: With a POP, employers can deduct premium payments for certain benefits, such as health insurance, on a
pre-tax basis, reducing their taxable income and saving on payroll taxes.
- Employee Benefits: POPs allow employees to pay for eligible benefits, such as health insurance premiums, on a pre-tax
basis, increasing their take-home pay and reducing their tax liability.
- Compliance: Our POP solution helps employers comply with IRS regulations governing premium payments for certain
benefits, ensuring they maximize tax savings while remaining compliant.
- Administrative Ease: Flyte HCM's POP solution is easy to implement and administer.

Important Details:
- Eligible Benefits: POPs can be used to pay for premiums for certain benefits, including health, dental, and vision
insurance, on a pre-tax basis.
- IRS Compliance: Employers must comply with IRS regulations governing the establishment and administration of POPs,
including nondiscrimination testing and reporting requirements.
- Cost Savings: By offering premium payments on a pre-tax basis, both employers and employees can save on taxes,
increasing the affordability of benefits for all parties involved.

Ready to unlock tax savings and provide valuable benefits to your clients and their employees? Take the next step towards maximizing savings and employee satisfaction. Contact us today to learn more!