Pay insurance premiums before taxes, and employees save 25% to 40%; and employers can save nearly 8% on the matching Social Security and Federal unemployment taxes.

Offer your employees health insurance with a Premium Only Plan (POP) through PayVision Online and reduce both employee and employer taxes. By paying insurance premiums before taxes, your employees can save 25% to 40%; and as an employer offering a POP plan, you can save nearly 8% on the matching Social Security and Federal unemployment taxes.

Advantages of a Premium Only Plan

Employees don't pay FICA or federal taxes on money used to pay for their portion of employer-sponsored insurance premiums
Employees’ tax savings help defray the cost of insurance premiums
Employees can increase their take-home pay
The Employer's taxable payroll is reduced by the total amount of employee contributions for benefits. Lower taxable payroll means lower payroll taxes
Employers can increase their employees' share of insurance premiums without negatively affecting their take-home pay

Initializing a POP plan is very simple and only requires a small adjustment to your payroll process. At PayVision Online we can get everything set up for you so you and your employees can start saving money.

Click here to get started now, or call 214.442.5888 x 100.