Small Business Savings with Employee Upside
Our mission is to help businesses of all sizes explore smarter strategies with operational cost, recruiting, retention, and revenue, all through the Self-Insured Medical Expense Reimbursement Program (SIMERP).
​
SIMERP is an IRS-qualified, Preventative Health & Wellness program that saves employers on Payroll Tax & Workers' Comp, and allows employers to offer valuable benefits at no net cost to the business and with no reduction in employees’ take-home pay. It’s an innovative, fully-compliant, tax-advantaged approach to improving employee satisfaction and reducing employer overhead. ​​
What is SIMERP?
Employer Features
• Reduce payroll tax by $640 annually per employee.
​
• Reduce Worker's Comp by up to 30% while keeping your broker and policy in place.
​​
• Mitigate Monday morning Work Comp claims (70% happen on Monday mornings).​
Employee Features
• Employees gain access to a preventative care management dashboard.
​​
• They have access, coverage, and resources with no effect on their take-home pay.
​
• Supplemental health benefits at no out-of-pocket cost.
HR Features
• Implementation works with every payroll company seamlessly.
​​
• Technology allows maximum efficiency, minimal lifting for HR, payroll, and team.
​​
• White glove concierge service & dedicated account manager.
The Self-Insured Medical Expense Reimbursement Program, or SIMERP, is a participatory preventative care management program that is IRS, HIPAA, and ERISA compliant, and available at no net cost. SIMERP can reduce business payroll, reduce your workers' comp premiums, and give employees a spending credit for supplemental health benefits. This certified wellness program reduces both the employer's and employee’s health care costs and expenditures.
​
WELLNESS
Compliance
IRC §106(a) - ERISA
IRC §213(d) - ADA
IRC §105(b)
HIPAA
IRC §125
IRC§105.11
IRC§104(a)(3)
MEDICAL
Compliance
IRC § 213(d) ACA
PRE-TAX
Compliance
IRC § 213(d)
IRC § 106(a)
IRC § 125
POST-TAX
Compliance
IRC § 213(d)
IRC § 105(b)
1.105.11(i)
104(a)(3)
1.105.11(k)(1)
1.105.11(k)(2)
Lower Payroll Tax
& Workers' Comp
Whether you have just a handful of employees or operate a large scale organization, you may be overspending by tens of thousands of dollars. SIMERP is dedicated to connecting local businesses with an exclusive IRS wellness program. This unique service helps employers save on FICA taxes and workers' compensation, while providing employees with valuable benefits at no cost.
Typical Workers' Comp Industry Rates
With SIMERP your overall payroll reduces on average by 30%.
Your Workers' Comp cost will decrease substantially due to your lower payroll.
Construction
Retail
Office/Admin
Healthcare
10%
5%
2%
6%
Do I Qualify?
This brief meeting will help determine if your company meets the qualifications to take advantage of the SIMERP program. We will delve deeper into how it works and clarify any aspects that may require further explanation.
Find Out Your Savings -
Tailored Proposal Request
Fill out the information below and we'll run you a No Cost, No Commitment Proposal to show you true projections of: Company Payroll Savings, Reduction in Overall Payroll (to lower Workers' Comp), as well as specific employee Benefit Allotments.