BEFORE
Paycheck Before Tri-Plus Wellness
|
Monthly Income |
$4200.00 |
|
Health Insurance |
$185.00 |
|
401(K) |
$360.00 |
|
Other Pre-Tax |
$0.00 |
|
Tri-Plus Program |
$0.00 |
|
Taxable Income |
$3655.00 |
|
Federal Withholding |
$273.27 |
|
State Withholding |
$143.10 |
|
Social Security |
$248.93 |
|
Medicare |
$48.22 |
|
Tri-Plus Claim Payment |
$0.00 |
Net Pay
$2,931.48
AFTER
Paycheck After Tri-Plus Wellness
|
Monthly Income |
$4200.00 |
|
Health Insurance |
$185.00 |
|
401(K) |
$360.00 |
|
Other Pre-Tax |
$0.00 |
|
Tri-Plus Program |
$1200.00 |
|
Taxable Income |
$2455.00 |
|
Federal Withholding |
$129.27 |
|
State Withholding |
$78.42 |
|
Social Security |
$174.53 |
|
Medicare |
$40.82 |
|
Tri-Plus Claim Payment |
$1010.00 |
Net Pay
$3,141.96
How The Savings Are Achieved
A Smart Financial Model
The Debt-Free Health Plan isn't just about comprehensive care; it's engineered to deliver tangible financial benefits for both your employees and your organization. Our unique model strategically leverages tax advantages and optimized plan management to transform healthcare from an unpredictable cost into a predictable, value-driven investment.
Boosting Net Take-Home Pay
Employees benefit significantly from our innovative reimbursement structure, which translates directly into increased net take-home pay. While there is a monthly pre-tax deduction for the plan, a substantial portion of this amount is reimbursed to the employee for their compliance with the integrated wellness program.
For example, a monthly deduction of $1,205.00 can be offset by a monthly reimbursement of $1,013.00. This strategic design means the actual net cost to the employee for comprehensive coverage and administration can be as low as $192.00 per month.
In many cases, the combination of pre-tax deductions and wellness reimbursements can lead to an increase in an employee's weekly net take-home pay, demonstrating a direct financial advantage.
How Savings Are Achieved
Employer Savings: Reducing Your Bottom Line
Business owners realize significant savings through the Debt-Free Health Plan by optimizing payroll and reducing associated taxes. A key component of this is the Monthly FICA Savings from Employees' Pre-Tax Deduction, which can amount to substantial savings for the employer each month.
For instance, based on a $1,205.00 monthly deduction, employers can see FICA savings of approximately $92.18 per month, totaling over $80.00 annually per employee. When considering the actual monthly plan contribution by the employer, these FICA savings can effectively offset or even exceed that contribution, leading to a net employer savings.
This demonstrates how a qualified ACA Wellness Program, integral to our plan, can generate FICA tax savings that are greater than the cost of the underlying platform.
Beyond these direct tax advantages, the plan's focus on proactive care, reduced employee medical debt, and improved well-being leads to broader long-term savings from reduced turnover, decreased absenteeism, and a more engaged, productive workforce – making it a truly cost-effective solution for your business.
A Seamless Journey from Setup to Savings
Employer Savings: Reducing Your Bottom Line
Business owners realize significant savings through the Debt-Free Health Plan by optimizing payroll and reducing associated taxes. A key component of this is the Monthly FICA Savings from Employees' Pre-Tax Deduction, which can amount to substantial savings for the employer each month.
For instance, based on a $1,205.00 monthly deduction, employers can see FICA savings of approximately $92.18 per month, totaling over $80.00 annually per employee. When considering the actual monthly plan contribution by the employer, these FICA savings can effectively offset or even exceed that contribution, leading to a net employer savings.
This demonstrates how a qualified ACA Wellness Program, integral to our plan, can generate FICA tax savings that are greater than the cost of the underlying platform.
Beyond these direct tax advantages, the plan's focus on proactive care, reduced employee medical debt, and improved well-being leads to broader long-term savings from reduced turnover, decreased absenteeism, and a more engaged, productive workforce – making it a truly cost-effective solution for your business.