Employee-paid insurance premiums
Employers who require employees to share in the cost of insurance premiums through an employer-sponsored plan - or individual insurance - should have a Premium Only Plan (POP) in place. The plan saves the employer payroll taxes and employees save $25 to $40 on every $100 in premiums they contribute through pre-tax payroll deduction.
Premiums may include an employee’s share of employer-sponsored health, dental, disability, accident, and group-term life insurance.