If your business is eligible, you could generate up to $550 in annual net tax savings per employee enrolled in the plan!
Give your team more awareness of their health and empower them to cut costs on routine medical expenses.
No it does not affect anything you currently offer, in fact it complements it, and adds a layer of coverage team members don’t have to pay for out of pocket.
Easy 1-click auto enrollment. No long, burdensome setup and enrollment like with Major Medical. Total time needed from your team is 1.5 hours, and coverage can be live in 45 days.
Sections of the Affordable Care Act & Internal Revenue Code reward employers for offering benefits to their employees. We work with insurance carriers which will underwrite plans for your business where the net cost of coverage is less than the net tax savings generated. All businesses and all employees will not qualify for this, but many will.
These group health plans do a great job of covering low ticket medical services. Such as labs, prescriptions & urgent care visits. They often do not cover the largest drivers of health insurance costs such as specialized treatments, hospital visits, critical illness treatments and other large expenses.
Your team will now have health coverage they do not need to pay for.
Outside of greater employee retention, and a better benefits package, your business will net tax savings after the cost of benefits is covered.
Your business must have at least 10 W2 Employees earning more than $25,000. Employees must each individually qualify as well. Once we collect your payrolls, we will perform a mathematical test for each employee factoring in their gross pay, withholdings, deductions, tax filing status and allowances to determine their eligibility.
Last Month’s payroll and a payroll employee roster.
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