Upgrade your employee benefits with a Preventative Care Management Program* (PCMP) that promotes health, boosts productivity, and saves costs for employer’s—all with no out-of-pocket expenses.
Boost Wellness, Save Costs, and Enhance Productivity with an ACA Compliant Preventative Care Management Program.*
Welcome to FICA Savings, your partner in transforming workplace benefits into a strategic advantage. Our Preventative Care Management Program* (PCMP) is designed to create healthier workplaces while delivering financial savings for both employers and employees.
By integrating wellness and supplemental benefits with tax-advantaged solutions, PCMP ensures that your organization thrives. Employers save on payroll taxes, employees enjoy enhanced healthcare access, and everyone benefits from improved productivity—all at no net out-of-pocket cost.
Discover how FICA Savings can help you build a more resilient, healthier, and efficient workforce today!
PCMP* is a workplace program that provides employees the opportunity to upgrade their benefits package with an Affordable Care Act (ACA) compliant wellness program while reducing both the employer’s and employee’s tax burdens.
PCMP* enables employers to reduce their payroll taxes while offering their employees valuable Wellness and Supplemental Benefits with no net out-of-pocket cost to the employer or employee.
Save on average $650 net Payroll Tax reduction per participating employee per year. Increased employee retention, loyalty & productivity. Immediate financial impact on the bottom line. Reduction of claim costs averaging $1,400 over a three-year period. Operational within 45-60 days and fully automated.
Wellness Benefits: 24/7 Telehealth doctors, nurses, health coaches, addiction recovery, and counseling with no co-pay. Mayo Clinic wellness programs. Personal Health Dashboard to identify opportunities for a healthier lifestyle. Supplemental Benefits: Universal Life, Short-Term Disability, Accident Coverage, and Critical Illness Coverage.
The Preventative Care Management Program* (PCMP) is tailored for employers with 30 or more full-time, W-2 employees. To ensure compliance and maximize benefits, the program is exclusively available to full-time staff, excluding part-time or freelance employees.
Our no-obligation proposal will provide a clear estimate of your potential savings, making it easy to determine how PCMP can enhance your benefits package while reducing costs.
The Preventative Care Management Program* is an ERISA qualified Self-Insured Medical Expense Reimbursement Program (SIMERP™) that emphasizes a Participatory wellness program. The Plan is voluntary and is a health-plan related program. The wellness program offers a personalized health dashboard with access to numerous preventative and medical benefits that improve the life and health of employees.
Participation in the SIMERP™ wellness program requires the employee to have an active sponsored medical plan. By pre-taxing these plans under a Section “125” Cafeteria Plan, tax savings for each participating employer and employee are created. The SIMERP™ allows for premium reimbursement for the wellness medical expenses that qualify under a 213(d).
The program derives from the Affordable Care Act initially put in place back in 2010, which combined aspects of the section 125 pre-tax employee plan (put in place under ERISA act of 1974), improved efficiency in the healthcare industry (put in place under the HIPPA act of 1996), and the hyper focus of the U.S. government to provide employees proper benefits, post Covid-19.
*ERISA – Employee Retirement Income Security Act of 1974, *HIPAA – Health Insurance Portability and Accountability Act of 1996
*ACA – Affordable Care Act of 2010
Over the course of the last few years, the small business market has been flooded with programs such as PPP, ERC, EIDL, etc. As a result, the program was shelved to make way for these new high value business support programs. Now, as we fast forward to today, many of those programs are coming to an end, businesses are now focusing on ways to save money while also increasing employee health and productivity.
By helping provide these supplemental benefits and wellness programs to employees, the government can help ensure employees stay working (payroll taxes are collected), employers continue to hire (payroll and corporate taxes are collected), and insurance coverage for all working U.S. citizens continues (less utilization of Medicare and Medicaid government subsidized insurance platforms), the government can continue to generate taxpayer income
Employers with 30 or more full-time W-2 employees.
