This program seems almost too good. Is it legit?
Yes! Tri-Plus Wellness is fully compliant and operates within IRS guidelines. Our program is a tax-qualified wellness plan that follows tax-advantaged provisions outlined in IRS codes “Section 125 Cafeteria Plan, as well as codes 105, 106, and 213(d),” in addition to ACA wellness regulations.
Can I keep my existing health plan?
Absolutely. Adding Tri-Plus Wellness does not require any changes to your current benefits. If you already have a health plan, you can keep it—our program integrates seamlessly. If you don’t currently offer medical coverage, Tri-Plus Wellness provides a valuable set of benefits for your employees.
Our company is self-insured. Does this program still work?
Yes! In fact, self-insured companies can benefit even further. In addition to tax savings, Tri-Plus Wellness helps lower costs by:
- Reducing emergency room visits by over 40%
- Cutting urgent care visits by more than half
- Providing access to virtual health support to reduce unnecessary specialist visits
Save money for your Company AND your Employees.
How do employees receive reimbursements in the same paycheck?
Employees receive reimbursements by actively participating in our wellness program, which includes activities like health coaching, wellness check-ins, and monthly educational resources.
The payroll system facilitates both the wellness plan premium and claim reimbursements, allowing everything to be processed in the same payroll cycle.
Can employees use savings for other expenses?
Yes! A recent ruling from the IRS, Employee Benefits Security Administration, and Health and Human Services Department allows these funds to be used for non-medical expenses, including rent and mortgage payments.
What expenses can employees use their funds for?
Per the latest tri-agency ruling (April 2024), employees can allocate these funds toward non-medical expenses such as rent and mortgage payments.
How long have these types of plans been available?
Wellness programs like ours have been in place since the Affordable Care Act (ACA) introduced new opportunities to structure these plans effectively.