SIMRP Program
You will love the savings and your employees will love the no cost benefits
What is the S.I.M.R.P. Program?
Also Known As SIMERP Program: Self Insured Medical Expense Reimbursement Plan
Also Known As WIMPER: Wellness Integrated Medical Expense Reimbursement
The SIMRP Program is a participatory preventive care management program designed to help employees improve their physical and mental health. This innovative cost savings strategy is made possible by a set of tax codes that are part of the Affordable Care Act (ACA). The SIMRP Program can save employers a substantial amount of costs by reducing payroll taxes and lowering worker's compensation insurance premiums. There are also many indirect cost savings that can greatly benefit your organization.
Watch This Video To Learn More About the SIMRP Program
SIMRP Program Direct & Indirect Cost-Saving
1) Save $500-$600 in employer payroll taxes per eligible employee.
2) Reduce worker's comp costs by up to 40% by reducing gross payroll (Worker's comp savings vary by state.)
3) Employee wellness benefits can lead to fewer workers comp claims.
4) Employees miss work less with access to 24/7 telemedicine doctor/counselor visits.
5) Wellness benefits help employees become healthier and increase employee productivity at work.
6) Healthier employees are less likely to develop chronic illnesses and that can reduce workers comp claims.
7) No net cost Insurance and wellness benefits are very valuable to employees and can reduce employee turnover costs which can be a huge expense and time drain to your organization.