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125 Premium Only Plan

For organizations to allow employees to pay for medical and dental insurance premiums on a pre-tax basis, the IRS requires a Premium Only Plan document that specifies details about the coverage, eligibility under the plan, election procedures and rules of participation. Other voluntary benefits may qualify for pre-tax payments using this document. It also requires a Summary Plan Description (SPD).

Select our service to receive the following:

  • POP Document
  • Discrimination Testing
  • Signature Ready Board Resolution

 


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125 premium only plan premium only plans legal requirements

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