POP stands for Premium Only Plan. This is a type of Cafeteria Plan under IRS Code §125 that allows for the pre-taxing of employees’ premiums for plans such as: Group Health Plans, Dental, Vision, Group Term Life (up to $50,000), as well as certain Voluntary Benefits. The terms POP, Premium Only Plan, Section 125 Plan, Cafeteria Plan, and Salary Redirection Plan generally all refer to the same thing.