In today’s competitive job market, offering robust employee benefits is essential for retaining top talent and ensuring workplace satisfaction. The Preventative Care Management Program (PCMP) is a groundbreaking solution that combines wellness initiatives with financial benefits, creating a win-win for both employers and employees.
What is the PCMP?
The PCMP is a workplace benefits package compliant with the Affordable Care Act (ACA). It integrates a Section 125 Cafeteria Plan and a Self-Insured Medical Expense Reimbursement Plan (SIMERP), enabling tax savings while enhancing employee wellness. This program is designed for employers with 20 or more full-time employees, ensuring comprehensive coverage for eligible participants.
Key Benefits for Employers
- Significant Tax Savings: Employers save approximately $650 per participating employee annually in payroll taxes.
- Improved Retention and Productivity: Offering these benefits fosters loyalty and enhances employee productivity.
- Quick Implementation: The program is operational within 30-45 days, with a fully automated system.
Key Benefits for Employees
- Wellness Programs: Access to 24/7 telehealth, counseling services, and Mayo Clinic wellness programs with no co-pays.
- Supplemental Coverage: Benefits like Universal Life, Short-Term Disability, and Accident Coverage come at no out-of-pocket cost.
Conclusion
The PCMP is more than a benefits package; it’s a strategic tool for creating a healthier, more productive workplace while reducing costs for all parties involved. Reach out for a no-obligation proposal to see how PCMP can transform your organization.
