Definitions for "Premium Only Plan"
A Flexible Spending Account limited to covering an employees' share of group health plan premiums and that of any dependents and allowed supplemental insurance policy premiums.
Considered to be the most basic type of Section 125 plan, a POP is a benefit plan that is designed to allow employees to elect to make premium contributions on either a pre-tax or post-tax basis.
a qualified benefit plan which has special requirements that must be completed to receive the tax breaks
Keywords:  convenient, simple, cut, way, taxes
a simple and convenient way to cut taxes