SIMRP Program
What is the S.I.M.R.P. Program?
  • Self
  • Insured
  • Medical
  • Reimbursement
  • Plan

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 workers' compensation insurance premiums.  Many indirect cost savings 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 approximately 10%-30% by reducing gross payroll.
3) Some worker's comp insurance companies offer discounts for employee wellness programs.
4) Employees may miss work less with access to 24/7 telemedicine doctor/counselor visits.
5) Wellness benefits can 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) Our No-Net-Cost benefits are very valuable to employees and can reduce employee turnover costs.

SIMRP Program Tax Codes

  • 125 Pretax Deduction on your employees' paychecks creates FICA payroll tax savings.
  • 105 SIMRP Untaxed Reimbursement offsets the pretax deduction on your employees' paychecks.
  • 213(d) Medical Expense Allowance reallocates payroll tax savings to pay for employee benefits.



Example Of How The SIMRP Program Works

We use a pretax deduction and an untaxed reimbursement to lower the amount of taxes that the employee pays.  We use the tax savings created by the program to pay for the cost of the wellness and insurance benefits.  Leftover tax savings will increase the employee's net pay.

Example Paycheck


14 Employee SIMRP Program Client Savings

Wellness Proposal
  • This company is saving $7,683 per year in employer payroll taxes.
  • Reduced gross payroll by $177,330, creating 13% worker's comp insurance savings.
  • Their employees get an average of $164 per month to spend on insurance benefits.
  • All employee/employer benefits costs are paid for with payroll tax savings.

Gross Payroll Reduction Example

The SIMRP Program reduces gross payroll for your qualified employees.  Your workers' compensation insurance is calculated from your gross payroll.  By reducing your gross payroll, you can save approximately 10%-40% on your workers comp insurance. 

Normal Paycheck Without SIMRP

SIMRP Program Enrolled Employee


Who Can Use The SIMRP Program?

We work with large and small organizations located anywhere in the United States.  Your organization can have as few as three full-time W2 employees or employers with thousands of employees.  The SIMRP Program is compatible with any type of employer in the United States.  

Business
Businesses
Non Profit
Non-Profit Organizations
Sheriff
Government Agencies

No Cost Employee Benefits


Family


Visit the Employee Benefits page of our website to see a comprehensive list of Employee Benefits

Employee Benefits


SIMRP Program Requirements

  • A minimum of three full-time (30+ weekly hours) W2 employees is required.
  • 1099 independent contractors do not qualify.
  • Temporary employees do not qualify.
  • Some employees may have too many W4 deductions to qualify.
  • Business owners don't qualify as employees.
  • Employees must work inside the United States or pay US FICA Payroll Taxes


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