Tag: Section 125 Premium Only Plan

Created with Sketch.

ERISA & SPD Wrap or Summary Plan Description Wrap Documents

Recently we joined forces with a company to assist in additional forms of compliance.  These compliance issues fall directly in line with the rumors of the ERISA DOL Audits.  HR Service Inc and ERISA Solutions are those companies.  The professional atmosphere, experienced employees, and customer service-oriented environment is appealing; yet the powerful and user-friendly tools/documents…
Read more


In September the IRS issued two notices regarding the Affordable Care Act.  Notice 2014-49 describes a proposed approach for applying the look-back measurement method used to determine full-time employee status for purposes of IRS Code § 4980H in situations when the measurement period applying to an employee changes. This change may occur because the employee…
Read more

125 POP Document Changes Summary

As explained below, the laws governing Section 125 Premium Only Plans recently changed. We have updated your plan documents to reflect these changes. Please log on to your account at https://www.taxfreepremiums.com/main/login and download the newly updated documents to remain in compliance. The new IRS Notice 1455 creates two new Section 125 mid-year qualifying events designed…
Read more

Have You Prepared for ACA “Obamacare”

While the passage of the affordable care act “Obamacare” celebrated its 3rd anniversary, many individuals and even small business owners are still wondering what the actual effects are on them. Well it depends……… Almost every situation and options will be treated uniquely depending on the state you live in and the employment arrangement with staff.…
Read more

What Products are IRS Section 125 Eligible Expenses?

Often referred to as Cafeteria or IRS Section 125 a Premium Only Plan is an employee benefit plan that allows employees to select desired benefits from their employer’s benefit package, “cafeteria” style.  The real benefit of this type of plan is the tax favored treatment from the IRS if set up in accordance with Section…
Read more

Which Tax Free Premiums Affiliate Program is Right for Me?

If you want to make sure your clients are taking advantage of all the benefits of a Section 125 Premium Only Plan, the Tax Free Premiums Affiliate Program is a perfect way to do that. Whether you are wanting to create a customized solution that gives you all the credit and let’s you charge whatever…
Read more

Happy Customers While Saving Time & Money with Affiliate Programs

There are many companies that have group insurance benefits for their employees. Many of these companies also require their employees to pay a portion of the insurance premiums. These companies are also deducting the employee’s portion pre-tax. But, many of these companies are doing this illegally. As an insurance broker, CPA, payroll provider, or third…
Read more

Who Can Take Advantage of a Section 125 POP Plan?

Federal law (Section 125 of the IRS code of 1986) allows all employers to offer their employees the option to have payroll deductions for benefits like health insurance premiums to use pre-tax dollars. Also referred to as “cafeteria plans”, the basic version is a “premium only” or “POP” plan, allowing a company to facilitate pre-tax…
Read more