Premium Only Plan
Get a Tax Break on Health Care Premiums With Ceridian's Premium Only Plan (POP), your employees can typically save 30% in taxes on the money they set aside for premiums to pay for medical, dental, vision, group term life and disability plans.
You'll also save in FICA and FUTA for every dollar spent. Here's an example of how much POP can potentially save an employee who contributes $200 each month toward insurance premiums:
|
Without P.O.P. |
With P.O.P |
| Annual Salary |
$25,000 |
$25,000 |
| Annual Pre-tax Premium Contribution |
$0 |
($2,400) |
| Taxable Income |
$25,000 |
$22,600 |
| Estimated Taxes (30%) |
($7,500) |
($6,780) |
| After-tax Premium Contributions |
($2,400) |
$0 |
| Net Take-home Pay |
$15,100 |
$15,820 |
Increase in Employee
Take-Home Pay |
$0 |
$720 |
Here’s an example of how much POP can save a small business owner with just seven covered employees:
|
Without P.O.P. |
With P.O.P |
| Annual Payroll |
$175,000 |
$175,000 |
| Annual Employee Pre-Tax Premium Contribution |
$0 |
($16,800) |
| Taxable Payroll |
$175,000 |
$158,200 |
| Total Payroll Taxes (FICA Tax @ 7.65%) |
$13,388 |
$12,102 |
| Employer Payroll Tax Savings |
$0 |
$1,286 |
Don't delay. Take advantage of this Florida Chamber Member Offer by calling 800-790-9057. |  
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Employees get Pre-Tax Savings
Employers get Payroll Tax Savings
Online POP Savings Calculator
Need More Information?
Click here for detailed information on Ceridian's POP plan and other reimbursement offerings.
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