Premium Only Plans – for employers/ for brokers
The same kinds of savings are available to every employee in your company who makes a contribution toward their insurance benefits. Because employees reduce their taxable income by the amount of that premium contribution, they pay less income and Social Security Taxes – This savings actually increases their take home pay!
Premium Only Plans can be established for any single employer or certain “related employers,” including members of a controlled group of corporations, members of a group of commonly controlled trades or businesses, or members of an affiliated service group. Certain individuals however are prohibited from participating in a POP plan. These include sole proprietors, partners within a partnership or owners of a Sub-Chapter S Corporation.
Since you can have a short plan year, there’s no reason you can’t start right now.