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.
SIMRP Program Tax Codes
Example Of How The SIMRP Program Works
The actual deduction/reimbursement amounts will vary based on a variety of factors.
Real Life Example of SIMRP Program Savings
With the SIMRP Program, you save money directly by reducing the amount of payroll taxes your organization pays for each eligible employee. The SIMRP Program can also help you save money on your workers' comp insurance premiums by reducing your gross payroll. Workers' comp insurance policy premiums are calculated based on your gross payroll (Savings amount varies by state). Some full-time employees may not qualify depending on their income and the number of deductions they claim on their W4.
SIMRP Reduces Gross Payroll
The SIMRP Program reduces gross payroll for your qualified employees. Your worker's compensation insurance is calculated from your gross payroll. By reducing your gross payroll, you can save up to 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.
Businesses
Non-Profit Organizations
Government Agencies
No Cost Employee Benefits
Visit the Employee Benefits page of our website to see a comprehensive list of Employee Benefits
100% Indemnity Coverage = Zero Liability
In the unlikely even that the federal government ends the SIMRP Program and wants a refund of the payroll tax savings, your organization is covered 100% under an indemnity insurance policy. You will not have to pay back any of the payroll tax savings.
SIMRP Program Requirements
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