Compliance & legal
Premium-only plan (POP)
The simplest form of Section 125 plan, allowing employees to pay their share of group health premiums on a pre-tax basis. Doesn't include an FSA or other components. Many small employers stop at a POP because it's the lightest-weight Section 125 implementation.Last reviewed: · TMRW Benefits is a benefits brokerage, not a tax or legal advisor. Consult a CPA or attorney for situation-specific guidance.
More in Compliance & legal
ERISA (Employee Retirement Income Security Act of 1974)
Federal law governing most private-sector benefit plans.
COBRA (Consolidated Omnibus Budget Reconciliation Act)
Continue group coverage up to 18-36 months after losing eligibility.
ACA (Affordable Care Act)
2010 federal law restructuring U.S. health insurance markets.
HIPAA (Health Insurance Portability and Accountability Act of 1996)
Federal law protecting health information privacy.
Section 125 (Cafeteria plan)
IRS code allowing pre-tax benefits payments.
MEC (Minimum Essential Coverage)
Coverage level satisfying ACA mandate requirements.
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