FICA Tax Savings
Our Preventive Care Program Partner is a service that complements your existing health plans, providing your employees with premium preventive services such as comprehensive health assessments, unlimited virtual care clinic consultations, urgent care services, urgent care services, mental wellness support, chronic disease management, and over 1,000 covered prescriptions—all without extra costs to them.
Clients typically save about $640 annually per W-2 employee on FICA taxes. For instance, a business with 50 employees can save around $32,000 a year. These savings can then be strategically reinvested in areas like employee training, sales growth, or technology upgrades.
Features:
➢ On average, businesses save $640 in FICA tax per employee, per year.
➢ In many cases, it also delivers up to 30% in workers’ compensation savings.
➢ The program doesn’t replace your current health plan — it sits on top of it, filling the gaps.
➢ No added costs to your employees’. Employees keep every dollar of their paycheck.
➢ Employee’s gain 24/7 urgent and primary care, virtual care, weight management, mental health support, and over 1,000 free prescriptions for them and their entire family.
➢ Again, all at no cost to the employee or change to their paycheck.
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Frequently Asked Questions
IT Service's & Savings / FICA Tax Savings & Employee Benefits
How can you reduce costs, retain employees, and provide meaningful benefits, without adding complexity or overhead?
There is a Preventative Care Program designed to improve employee health while generating significant employer savings.
How does this Preventative Care Program save on FICA taxes?
This program doesn't replace your current health plans, it sits on top of it, filling in the gaps, with a 100% compliant SIMERP program that on average reduces FICA taxes $640 per employee per year.
Whats is a SIMERP?
(SIMERP) Self Insured Medical Expense Reimbursement Program. This is an employer-sponsored workplace program that allows employees to upgrade their benefits while reducing both the employer's & employee's healthcare costs & expenditures.