What Is?

The SIMRP

Infinite Savings Plan

What Is The SIMRP?

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.

Program Highlights

Designed as a continuous, scalable savings model, offering employers sustainable tax benefits while enhancing employee health and financial well-being.

Significant Tax Savings ~$505/Employee Per Year
Lower Major Medical Utilization & Premiums
$0 Net Cost to the Company or Employees

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Employer Benefits

The plan provides significant benefits to businesses.

No Cost To Your Company

All Program Costs are Funded by Tax Savings. Expected Employer Savings is Net All Program Costs.

Reduced HR Burden

Plan Administration is Provided

as Well as a CPA Team and

TPA for Billing Ease.

Major Medical Savings

Reduction in Major Medical Premiums.

Average of $1,400 per Employee Per Year Over 3 Years.

Tax Savings

Average Savings of $550/Employee Per Year (net fees).

This is Not an End-of-Year Write-Off.

See Savings in the First Quarter.

Improved Productivity

Offer an Enhanced Benefits and Employee Assistance Program to Reward Loyalty, Reduce Absenteeism, Lower Turnover

& Attract Quality Talent.

Employee Benefits

Wellness Benefits

Virtual Primary Care

Concierge Virtual Care

24/7 On-Demand Virtual Care

Virtual Urgent & ER Care

Primary Care Visits

Behavioral Health

Care Navigation & Advocacy

Mental Health & Family

Counseling for the Whole Family

Licensed Counseling & Therapy

Psychiatric Care

Spouse & Dependent Access

Confidential — No Insurance Billing

Live Well USA

Lifestyle & Wellness

Personalized Wellness Coach

Fitness & Nutrition Library

AI Coach & Habit Tools

Macro & Goal Tracking

RX Valet

$0 Prescription Access

1,000+ Medications at $0

Diabetes & Heart Health

Mental Wellness Medications

Virtual Rx Renewal

Quest/Lap Corp

Comprehensive Lab Testing

Annual 75+ Biomarker Panel

Clinical Care Team Review

Year-over-Year Tracking

Nationwide Lab Access

Visibly

Vision Care

Virtual Eye-Care Consults

Prescription Renewals

Vision Health Tools

Identity & Financial

Protect What Matters

$1M Identity Theft Insurance

24-Hour Support

Dark-Web Monitoring

Breach Detection

Legal & Pet Care

Everyday Life Support

Legal Document Templates

Ask a Legal Question

Virtual Pet Care by Vets

Behavior & Wellness Visits

Supplemental Benefits

We offer a wide range of benefits to meet your insurance needs.

Chronic Illness

Protects employees against the financial burden of a chronic or critical illness diagnosis.

Short-Term Disability

Offsets accidents and illnesses which can leave employees unable to work for a period of time.

Critical Illness

Protect your employees against the financial burden of a covered critical illness diagnosis.

Accident Plan

Financial support that helps individuals manage the costs associated with accidental injuries.

Hospital Indemnity

Designed to provide financial assistance during hospital stays, paid directly to the individual.

Life Insurance

Provides a death benefit which ensures financial security for loved ones left behind.

Cancer Plan

Helps cover the costs associated with cancer treatment, which often exceed health insurance coverage.

Long-Term Care

Designed to provide financial assistance during hospital stays, paid directly to the individual.

Eligibility Requirements

Requirements for Participation

in the SIMRP Program

10 Employees: The company must have 10 employees.
W2: Employees must be W2.
$22,000: Employees must earn $22,000/year.
Health Insurance: Employees must have access to health insurance either through an employer-sponsored plan, a spouse, parents, or through the marketplace.
Medicare | Medicaid: Employees cannot be enrolled in Medicare or Medicaid.

What The IRS & CPA's 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.