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A cafeteria POP (Premium-Only Plan) is a type of employee benefit plan that allows employees to pay for certain benefits, such as health insurance, with pre-tax dollars.

This means that the portion of the employee's salary that is allocated to pay for the benefits is not subject to income or payroll taxes, which can result in significant tax savings.

Under a cafeteria POP plan, employees are given a choice of benefits, which may include health insurance, dental insurance, vision insurance, and other types of benefits.

Employees can choose to participate in one or more of the available benefits and can choose the amount of their salary that they want to allocate towards each benefit.

Cafeteria POP plans are typically offered by employers as part of a larger benefits package, and they can be a valuable tool for attracting and retaining employees.

By allowing employees to pay for benefits with pre-tax dollars, employers can help their employees save money on taxes and increase their take-home pay.

Additionally, offering a variety of benefits through a cafeteria POP plan can help employers meet the diverse needs of their workforce. Want additional information: www.MMinsuranceAgency.com 877-480-4325 info@insuranceAgency.com