Why send more dollars to the IRS than your company has to?
Keep $500 in FICA savings per employee in your pocket. Provide $1800 in benefits to your employees with no reduction in their take-home pay. The program is fully funded by tax savings.The program isn’t free… it’s smarter… it’s paid for with money that you’re already sending to the IRS we simply show you how to redirect that money to fund employee benefits. It’s 100% compliant, guaranteed!
What is it? An explanation.
This is an IRS-compliant wellness program, also known as a Self-Insured Medical Reimbursement Plan (SIMRP).It uses provisions in the tax code to help companies redirect a portion of the payroll tax dollars they already send to the IRS into employee benefits and company savings.In plain terms: Instead of losing those dollars to Washington, you keep them working inside your business.
Why Does the IRS provide these incentives?
Because wellness programs improve health outcomes and lower long-term healthcare costs.When employees have access to preventative care and wellness benefits:
• They’re healthier and more productive.
• Fewer claims hit the healthcare system.
• Employers see reduced costs over time.The IRS uses the tax code to reward businesses that adopt these programs — because healthier employees mean lower costs for everyone.
Is your organization eligible?
If your group employs at least 10 w-2 employees you are eligible, even if you are a non profit. The savings are born out of payroll taxes (FICA) that are required no matter your tax status.
Understanding the nuts and bolts!
Watch the video to understand how structuring your payroll delivers added benefits and company savings.
Customer Savings Examples
-Restaurant
52 employees
$26,000 addition to bottom line
$93,000 in additional employee benefits-Church organization
7,800 employees
$3,900,000 addition to bottom line
$14,040,000 in employee benefits-Manufacturing Company
642 employees
$321,000 addition to bottom line
$1,155,600 in employee benefits-Advertising agency
42 employees
$21,000 addition to bottom line
$75,600 in employee benefits
Testimonials
Dig Deeper
“SIMRP programs have been around for years, but they only deliver results when they’re built with the right structure and guided by strict compliance oversight.”
Who is BizPower Benefits
At BizPower Benefits, we don’t just create SIMRP programs — we make them work. As a specialized third-party administrator, our role is to:
• Structure the plan correctly so it qualifies under IRS Sections 105, 106 and 125
• Provide compliance oversight to protect employers from risk
• Manage day-to-day administration so employees actually receive the promised benefits
• Deliver measurable results: ~$1,800 in benefits per employee, ~$500 in annual payroll tax savingsBy acting as the compliance backbone and administrator, BizPower Benefits ensures that companies can confidently implement wellness-based reimbursement plans without adding administrative burden.
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