The winning solution for you and your employees
Premium Only Plans (POP) and Flexible Spending Accounts (FSA’s) falling under IRS Section 125 allow you to offer your employees a great way to save money by paying for qualified expenses with pre-tax dollars. Payroll Maxx offers several Section 125 plan options that are easy to administer and offer a tax savings to you and your employees.
POP plans allow your employees to pay for health care premiums with pre-tax dollars. With an FSA plan employees deduct a set amount of pre-tax dollars each paycheck and use these funds to pay for qualified medical and dependent care expenses. With both plans the employee’s tax burden is lowered resulting in more take home pay for them and a lower FICA burden for you
You’ll find these plans are easy to administer and virtually pay for themselves with the tax savings you will see.
Helping you help your employees