POP (Section 125)


In order 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. It also requires a Summary Plan Description (SPD).


Compliance Basics Plus form


Sources: United States Department of Labor


    

  1. http://webapps.dol.gov/elaws/ebsa/health/employer/index.asp
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  2. http://www.dol.gov/dol/topic/health-plans/erisa.htm
    3.