Health Management w/ FICA Tax Savings
We offer employers an outstanding plan that saves $650–$800 per W-2 employee annually, increases employee net pay by 4–6%, has no net cost to implement, and adds valuable benefits to their existing program.
How it Works
The Affordable Care Act/ACA was established in 2012 and its primary purpose was making health insurance and preventative care available to all Americans. Our program is based on the ACA and Section 125, a law established in 1978 allowing employees to contribute pre-tax health insurance premiums.
Who Qualifies?
All employees can qualify whether they’re full-time, part-time, seasonal, benefit-eligible, or non-benefit-eligible. Qualification is based on wages and tax deductions. As long as an employee has a minimum predicted income of $17,500 per year and minimal tax deductions they will qualify for the program. Eligibility is determined by a proprietary tax analyzer. The tax analyzer ensures that all qualified employees will see an increase in take-home pay. An employee can not qualify for the program if they do not see an increase in take-home pay.
How Does Enrollment Work?
Enrollment works differently than typical health insurance: the administration burden is minimal due to the fact that enrollment takes place through an integration with payroll. This program works on an Auto-Enrollment Basis, meaning qualified employees will be automatically enrolled into one of the 6 plans based on their wages and tax deductions, with the option to opt-out. This is not something that the employer or employee chooses. The plan that an employee is placed in is selected by our Tax Analyzer.
How do Employees see an Increase in Take-Home Pay?
Employees will see two new line items added to their paychecks, a pre-tax premium and the claims payment. The combination of the two results in a net positive take-home pay for the employee. The claims payment is made on a pay period basis for participation in certain preventative care/health management activities guided by a medical professional (i.e. using the benefits included in the plan). One of the ways to satisfy this claim is by receiving a Health Coaching Newsletter from our team of medical professionals via email or text message. These health coaching newsletters are automatically sent out every single pay period to employees. With this program, only one of two things can happen: an employee sees an increase to their take-home pay by participating or no change at all to their take-home pay by opting out.
How does the Employer see FICA Tax Savings?
The by-product of reducing the employee’s taxable income is that the Employer’s FICA tax contribution is also reduced. The employer is still paying their ordinary 7.65% contribution, but because the employee’s taxable income has been reduced they are paying that same 7.65% on a lesser amount.
How is this paid for?
While there is no net cost to employers, there is still a cost. The cost of the benefits are paid for by the tax savings that the program generates for the employees resulting in a net increase in take-home pay. The cost of administration is paid for by the tax savings that the program generates for the employer. No money is taken out until the tax savings are realized.
Our Program:
Employers get an AMAZING hiring & retention tool by offering benefits for employees and their families.
This means lower turnover, rehiring costs, and new employee training costs.
No net cost to employers for implementation and easily integrates with all existing HR resources and all major payroll services.
Employers save $650-800 per employee per year through Section 125 provisions.
Employers engage their employees in their healthcare journey providing usable virtual preventative care solutions.
Reduce claims cost of their group health plan without incurring claims for visits or preventative Rx.
Employees see a net pay INCREASE of 4-6% and get access to many great benefits for them and their families.
Unlimited Virtual Care: primary care, urgent care, behavioral care, and dermatology.
Extensive savings network:
vision, hearing, imaging televet, diabetes, fitness and entertainment, and more.
Physical Wellness
Mental
Wellness
Family
Wellness
Financial
Wellness
Employer & Employee Benefits
No Out-of-Pocket Cost
Potential savings for employers, including a 15-30% discount for healthier, more productive employees and no out-of-pocket cost for the 360 Wellness Plan.
Universal Life Insurance Premium
A Universal Life Insurance Policy provides a financial safety net for employees' loved ones, with the potential for cash value growth and tax advantages.
Potential Worker's Comp Savings
The plan can reduce workers' compensation claims by preventing injuries and promoting overall health and well-being. This includes educating employees on proper body mechanics, ergonomics, and safe work practices.
Potential FICA/Tax Savings
Up to $800 per full-time employee per year
Approved by Government Organizations
The Affordable Care Act
Department of Health & Human Services
The U.S. Treasury
The Department of Labor
The Departments of Health and Human Services (HHS), Labor and the Treasury are jointly releasing proposed rules on wellness programs to reflect the changes to existing wellness provisions made by the Affordable Care Act and to encourage appropriately designed, consumer-protective wellness programs in group health coverage.
The Affordable Care Act creates new incentives and builds on existing wellness program policies to promote employer wellness programs and encourage opportunities to support healthier workplaces.
We deliver cutting-edge cost-saving solutions and expense reductions to businesses across the USA
We get paid only a percentage of what we recover.
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