Revolutionize Your Employee Benefits with SIMERP
Unlock unparalleled payroll tax savings at zero cost to your organization, while offering enhanced benefits to your employees. Transform your workplace wellness today with our IRS, ERISA, HIPAA, and ACA compliant
Self-insured Medical Expense Reimbursement Program!
About SIMERP
Why SIMERP?
Save $500 per Employee
Reduce Claim Costs by $1500
Operational in 30-45 Days
Benefits for Employers
Imagine saving up to $30,000 annually on payroll taxes for just 50 employees. With SIMERP, not only do you save significantly on taxes, but you also free up funds to offer additional benefits—all without reducing employee pay. It's a win-win for your bottom line and your team.
Benefits for Employees
Empower your employees to take control of their financial and physical well-being, all without affecting your bottom line. With SIMERP, your team can allocate pre-tax dollars for medical expenses and get reimbursed the same amount after tax. This not only reduces their tax burden but also creates payroll tax savings for your organization. Redirect these savings into offering enhanced health benefits, life insurance, dental, vision, and other ancillary benefits. It's a comprehensive wellness solution that benefits everyone.
View Our Client's Feedback
Samantha J.
Cost-Saving CEO
As a CEO, I'm always looking for ways to optimize our expenses without compromising on employee benefits. With SIMERP, we've found the perfect solution. We saved thousands in payroll taxes within the first quarter, and our employees couldn't be happier with the enhanced benefits. A win-win for everyone!
Carlos M.
Satisfied HR Manager
Implementing SIMERP was a breeze, and the impact was immediate. Our employees now have access to better healthcare options, and we've seen a noticeable increase in job satisfaction. Plus, the tax savings for our company have been significant. Highly recommended!
Faye D.
Grateful Employee
I was pleasantly surprised when our company introduced SIMERP. Now, I can allocate funds pre-tax for medical expenses and get reimbursed the same amount after tax. It's like getting a raise without costing my employer extra. This program is a game-changer!
FAQS
What is SIMERP?
SIMERP stands for Self-Insured Medical Expense Reimbursement Program. It's a tax-qualified program designed to save employers money on payroll taxes while offering enhanced benefits to employees, all without reducing their pay.
How does SIMERP save my company money?
SIMERP allows your employees to allocate a portion of their paycheck pre-tax for medical expenses and get reimbursed the same amount after tax. This reduces their overall tax burden and, in turn, lowers your payroll tax obligations. Companies can save an average of $500 per participating employee per year.
Is SIMERP compliant with tax and healthcare regulations?
Yes, SIMERP is compliant with IRS, ERISA, HIPAA, and ACA regulations, ensuring that you can confidently implement the program without legal concerns.
How quickly can SIMERP be implemented?
SIMERP can be operational within 30-45 days, making it a quick and effective solution for enhancing your employee benefits package.
Do employees have to take a pay cut to benefit from SIMERP?
No, one of the key advantages of SIMERP is that employees do not experience a reduction in pay. They can allocate funds pre-tax and get reimbursed the same amount after tax, effectively increasing their take-home pay.
Can the savings be used for other types of benefits?
Absolutely. The payroll tax savings generated through SIMERP can be redirected to offer additional benefits like life insurance, dental and vision coverage, and other ancillary benefits.
How do I get started with SIMERP?
Contact us today for a personalized consultation and a no-obligation demo to see exactly how much your business could save with SIMERP.
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