SIMRP or Self-Insured Medical Reimbursement Program (SIMRP) is an employer sponsored, IRS qualified workplace program that provides employees access to a state-of-the-art Preventative Care Management Program (PCMP) and additional voluntary benefits at no reduction in the employees take home pay. Not only is this program beneficial to the employees, but the employer can also realize immediate ROI by reducing their payroll taxes immediately. The SIMRP can be implemented within 2-4 weeks and without the employer having to change providers or payroll companies.
When properly structured, the TruBenefit Preventive Care Management Program (PCMP), is a tremendously versatile employee benefit that provides immediate, measurable tax and healthcare savings for both the employers and employees.
Immediate financial impact to the bottom line.
$500 overage payroll savings per participating employee per year.Increased employee retention, loyalty & productivity.Noticeable reduction in claim costs over the life of the program.Operational within 30-45 days and fully automated.
Robust Personal Health Dashboard to identify opportunities for a healthier lifestyle.24/7 Telehealth doctors, nurses, health coaches with no co-pay.A variety of preventative care services are available to help retain high quality employees.Addiction recovery and counseling with no co-pay.Supplemental insurance benefits such as Life, Hospital Indemnity, Accident, Critical Illness, and Short-Term Disability.
No new out-of-pocket expense for the employer and no reduction in employee’s net take-home pay. All fees and premiums paid with tax savings.
Employers save an estimated $25,000 in annual payroll taxes. Employees receive a suite of health and wellness benefits.
To date, there is an 80-100% employee participation rate compared to 30-40% of Cafeteria plan participation.
Utilization for all sickness and accident calls is 60% compared to telemedicine at approximately 3-8% nationally.
Savings are realized immediately upon each payroll run.
Helps satisfy pain points of high deductibles, high co-pays, and increasing claims utilization.
Contact Us
Employers and Brokers please contact us for more information on how to get started with TruBenefit.
