Lower your payroll taxes. Give your team more take-home pay.
A SIMERP (Self-Insured Medical Expense Reimbursement Plan) adds a pre-tax wellness benefit on top of the health coverage you already offer. That may lower your payroll taxes by up to $639 per participating employee per year. The tax savings are designed to cover the cost, so your net cost can be little or nothing.
Your employees may take home up to $1,900 more per year, with no change in their gross pay, and they gain everyday health benefits at the same time.
What employers report
- Absenteeism is down by 43%
- 2.5 times increased productivity
- 25% more likely to be engaged with their work
- Increased employee retention (by 7 months)
- 10% greater job satisfaction
- Employees decrease mortality from cancer, heart attack, stroke, etc.
- 19% to 33% lower healthcare spend
- 18% to 30% reduction in workers' comp premiums (available in the 35 NCCI states)
- May save you up to $639 in reduced payroll taxes per participating W-2 employee annually
Results reported in a program survey of participating employers; individual results vary.
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A short explainer will appear hereSee what your company could save
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410-891-1700What employees get
- $0 copay, no-deductible virtual primary and urgent care, available 24/7
- Licensed mental health care
- Access to common prescriptions
- Preventive care
- Many benefits also extend to eligible family members
- Employees keep their current health plan