A well-structured SIMRP stands as a powerful tool for employers seeking to provide comprehensive benefits to their workforce while maintaining cost efficiency.
A SIMRP is an ADA, ERISA, HIPAA, and IRS compliant employee benefit intended to create a tax and healthcare cost savings for employers and employees alike.
The SIMRP Explained
Employer Benefits
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Average Tax Savings of $500 per Employee per Year. This is not an end of the year write off. You will see savings the first month
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Reduction in Major Medical Premiums. Average of $1,400 per Employee per Year over 3 years.
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Provide an Enhanced Benefit Package to Reward Employees for their Hard Work and Loyalty
Reduce Absenteeism & Turnover
Attract & Retain Quality Employees
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All Program Cost are Funded by Savings
Expected Employer Savings is Net all Program cost.
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Plan Administration is Provided as well as a CPA Team, and TPA for billing ease.
Employee Benefits
Wellness Benefits
Employees can use these member services to lower out-of-pocket expenses by leveraging the $0 Copay services built into their wellness plan. Members can also mitigate the chances of future diagnosis and illness through Wellness Plan participation.
Certified practitioners provide health coaching and guidance, goal setting and motivation for members to reach their co- created health goals to help manage lifestyle and prevent and manage disease.
Set S.M.A.R.T. Goals
Set Up Customized Nutrition Plan
Stop Smoking
Lose Weight
Manage Chronic Disease
Become More Physically Active
Counseling Services for All Stages of Life
Develop The Skills and Healthy Behaviors That Are Scientifically Proven to Lead to Long-Lasting and Satisfying Relationship.
Available 24/7/365.
Totally private & confidential from the comfort of home.
Learn how to resolve conflict & increase communication.
Add more intimacy & romance to your relationship.
Stayhealthy Body Fat Index and Pediatric App
The mobile adventure to learn about health and the human body by coloring fun characters that come to life in magical augmented reality.
A Full service EAP program that offers services that support your employees well- being and resilience in work and life. Counseling, work-life, legal and financial benefits included at no coast to you. There is no registration and it’s completely confidential.
Counseling (Critical incident, mental health)
Work-life (Adoption, elder care)
Legal (Will, divorce, bankruptcy)
Financial (Budgeting, rebuilding credit) Much more!
Travel Benefits
Access to thousands of top-rated hotels and resorts worldwide. Available outside wellness.
FREE $500 discount card and website offers option of Premium Upgrade to never- ending credits for $19.95 per mo.
Provides virtual emergency medicine with a personal touch. Diagnose, Prescribe Medication, Order Labs, Make Referrals and Triage any and all conditions.
Available 24/7/365 via telephone, mobile, tablet, or computer from your personal health dashboard.
Licensed physicians and 100% follow-up.
Your employee will pay a $0 copay for a physical consultation.
Virtual Recovery SystemTM
The World’s First Ever Interactive Virtual Recovery System for addiction.
28-Day Interactive Kick Starter Video Course. Hundreds of insightful videos covering all aspects of substance use.
SAM App
Get unlimited access to on-demand virtual visits for any of your healthcare needs: emergency care, urgent care, primary care, prescriptions, labs, and more.
Facial Recognition
Ads another layer of HIPAA protection through facial recognition software for enhanced web-based security.
Supplemental Benefits
Employees can use their tax savings (ie - allotment or flex credits) to purchase additional supplemental benefits with no change to their net take-home pay.
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Critical Illness
Pays a lump-sum cash benefit when diagnosed with a covered critical illness; wellness & recurrence coverage is also available.
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Accident
Pays a benefit for a covered accident, injury & treatment received; includes 24-hour & off-the- job coverage options to chose from.
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Disability
Pays monthly cash benefit for a covered sickness or off-the-job injury that leaves insured totally or partially disabled, helping alleviate living expenses.
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Life
Provides a lump- sum cash benefit to help pay final expenses, bills & more; Term, Whole Life & Universal Life options.
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Hospital Indemnity
Pays a benefit for a covered accident, injury & treatment received; includes 24-hour & off-the-job coverage options to chose from.
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Cancer
Pays cash benefits for a covered cancer diagnosis & several other specified diseases; the benefit can help pay for treatment, surgery, medical appliances & more.
What do the IRS and CPAs Say?
“Generally, medical care reimbursements paid for an employee under an employer’s self-insured medical reimbursement plan aren’t wages and aren’t subject to social security, Medicare, and FUTA taxes, or income tax withholding.”
— IRS Pub 15, 2024 Employer’s Tax Guide
“The ACA increased incentives for employers to adopt self-insured healthcare programs. More focus is being placed on consumer based approaches with an emphasis on preventative care. One approach is to establish a SIMRP program.”
— The CPA Journal
(Opportunities for Tax and Cost Savings)
“The program saves employers money due to a reduction in FICA taxes paid because the amount elected by the employee to be contributed to the plan is not considered to be wages and therefore not taxable for Social Security purposes. The platform can provide additional savings through a reduction in paid time off as a result of healthier employees.”
— The CPA Journal
(Opportunities for Tax and Cost Savings)
For More Information
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