SIMERP
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.
What is SIMERP?
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.
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.
H/R Features
• Implementation works with any & every payroll company seamlessly -- no need to stress.
• Technology allows maximum efficiency, minimal lifting for HR, payroll, and team.
• White glove concierge service & dedicated account manager.