ATTENTION
YOUR PAYROLL TAX SAVINGS
We offer a revolutionary way to benefit the employees and the company in one simple process.
If you are a company that takes pride in attracting and retaining the best employees, then you need to know about this.
Introducing Payroll Tax Savings
Welcome
Business Owners!
Self Insured Medical Expense Reimbursement Program (SIMERP) is an employer sponsored, IRS qualified workplace program that provides employees access to voluntary benefits at no reduction in take home pay; While reducing the employer’s health care costs and expenditures by ~$500 per employee enrolled. SIMERP’s can be implemented within 3-4 weeks and without the employer having to change providers or payroll companies.
78% of executives state that employee retention is one of their biggest challenges. We can help solve that problem.
Increase employee satisfaction – Decrease employee turnover!
- Employers on average will save over $45 monthly per employee in payroll tax savings with no out-of-pocket cost
- Provides employees with additional free health benefits
- Does not replace, compete, or interfere with your primary health insurance
- Provides employees with the most innovative & interactive health management program
Frequently Asked Questions
Are SIMERP's legal?
100% legal. This is a tax qualified Self-Insured Medical Reimbursement Plan with a improved employee health focus that uses tax advantage provisions under the Internal Revenue Service codes "Section 125 Cafeteria Plan and codes 105, 106, and 213(d)" and ACA rules.
Will this affect taxes?
Participant's year-end taxable income is lowered by the health contribution. For specific questions, please contact one of our experts in this field.
Can you cancel the program?
No, because the participant is pre-taxing the wellness program under a Section "125" Cafeteria program, the IRS has certain rules that must be followed such as: participant cannot make any changes to the program until "Open Enrollment" each year unless there is a qualifying event. An IRS approved qualifying event allows the participant to make changes during the plan year that are consistent with the event. FPCOB will explain this upon enrollment.
Our Services & Features
Direct Primary Care
Every subscriber is assigned a primary care provider to support overall health and wellness as well as the management of chronic medical conditions and the coordination of care with local medical providers (i.e., specialists).
Urgent Care
For immediate diagnosis, treatment, or direction of acute medical conditions.
Mental Health Services
Preliminary diagnosis, counseling and treatment and/or referrals to local mental health specialists as appropriate.
Health and Wellness Coaching
Weight loss, smoking cessation, and overall lifestyle coaching and support.
Prenatal and Postnatal Support
Consultation with our maternal and fetal medicine specialists, advice, guidance, lactation consults and more.
Digital Tools
We support the patient empowerment journey through online education, research tools, a medical grade symptom checker, and much more.
Concierge Services
We first diagnose and treat all that is responsible to handle virtually and then guide our members to the highest value, lowest cost providers and resources in their geographic area, including prescriptions, local labs, imaging, and other diagnostic services.
Testimonials
During my time as a corporate auditor representing the IRS, I saw many wellness plans that came under scrutiny because there were gaps between the design of the plan and the interpretation of the IRS rules. Payroll Tax Savings closed those gaps. If I were still in practice with the IRS, there would be no potential exposure as they designed their plan within the letter of the law.
IRS Corporate
As a CFO, my job is to find ways to improve the bottom line of our business. When we were first introduced to ThePayroll Tax Savings, the immediate reaction was this is too good to be true. After talking with our CPAs and attorneys about the plan, they concluded that Payroll Tax Savings was compliant on all fronts. We added Payroll Tax Savings to our benefit package with nearly 100% acceptance. Not only do our employees have a higher take-home pay, but the bottom line of the business also improved tremendously and we would highly recommend Payroll Tax Savings Health.
450MM Revenue Software Analytics Company
As a fast food chain we always had an issue offering benefits to our employees and Payroll Tax Savings has been the perfect fit to accomplish that. Not only does it increase their pay but it provides minimum essential coverage and useful benefits they can use as standalone and with their current plan. The rollout was seamless to all our employees and despite the initial complexities of the plan, the employee experience has been very easy for them to understand. I can honestly say our only regret was not doing it sooner as the tax benefits have been real and tremendous. Our employees have been happy with their benefit plans and the competitive rates. We were pleasantly surprised to see the renewal rates come in lower than we anticipated that shows the effectiveness of Payroll Tax Savings reducing the claims that hit our major medical. Payroll Tax Savings team has been great to work with and we appreciate their level of detail and expertise to help us manage our claims internally which has kept our rates down.
Jay Hardesty
As one of only a handful of IRS certified PEO's in the United States, our business is providing Human Resources and Payroll to over 50,000+ lives around the United States. As a result, compliance was at the heart as the most important factor of our decision to participate in Payroll Tax Savings. After carefully reviewing all the inner workings of the plan we are completely assured that Payroll Tax Savings is fully compliant from an IRS audit and businesses we recommend it to are held harmless since it is our EIN number behind it. The businesses we support want the best for their employees. Including Payroll Tax Savings as part of every proposal allows us to provide greater benefits at a more cost-effective price than our competitors.
National Payroll and Staffing PEOt
As a publicly traded company, we face a lot of scrutiny over the benefits package we provide. Add to that our company employees over 16,000 lives the rollout process is as crucial as the savings businesses we support want the best for their employees. Including Payroll Tax Savings as part of every proposal allows us to provide greater benefits at a more cost-effective price than our competitors.
Publicly Traded Manufacturing Company
We've been with Payroll Tax Savings for over 3 years now. At first, we were hesitant because we didn't know if our employees would actually see the benefit. Looking back, we now wish we rolled it out years sooner. Our employees are healthier, and they love the added medical benefits along with their higher paychecks. To date we have saved our company and our employees millions. Payroll Tax Savings has been the single greatest benefit we have implemented for our employees and our bottom line.
Curt Schmidt
Articles
