Rising healthcare costs can put pressure on both businesses and the people who work for them.
What many employers don't realize is that there may be ways to strengthen employee wellness and benefits while also creating meaningful savings for the business.
We connect employers with solutions designed to help reduce certain payroll-related costs, support employee wellness, and add valuable benefits without requiring businesses to give up what they already have in place.
The goal is simple: find opportunities that can benefit both the business and the people who help make it successful.
Many employers are looking for ways to manage rising costs without taking benefits away from their employees or passing additional expenses on to them.
There may be another option.
Through a specialized employer wellness program, qualifying businesses may be able to reduce FICA payroll taxes while providing employees with additional wellness resources and benefits.
The program is designed to work alongside existing health insurance and benefits. Employers can keep what they already have in place while adding another layer of support for their workforce.
For qualifying employers, potential savings can be significant. Current program estimates show approximately $640 per participating employee per year in FICA tax savings. Additional savings opportunities may also be available depending on the employer's workers' compensation and health plan structure.
And one of the most important parts: the program is designed with no net cost to the employer or participating employees.
This isn't only about business savings. The program is designed to give employees access to additional wellness resources that can make a meaningful difference in their everyday lives.
For eligible participating employees, benefits include virtual care, mental health and wellness resources, weight management support, and access to more than 1,000 commonly prescribed medications available at no cost, with convenient monthly home delivery. For employees who regularly pay out of pocket for prescription medications, this benefit alone may represent significant monthly savings, potentially saving some families hundreds of dollars depending on their medications. Additional health and wellness services are also included.
Depending on program structure and individual circumstances, participating employees may also see an increase in take-home pay while gaining access to these additional benefits with no net cost to the employer or participating employees.
Every business is different, and the best way to know whether this opportunity may be a good fit is to start with a few simple questions.
If you have 15 or more W-2 employees, are feeling the impact of rising healthcare or employee benefit costs, or are looking for ways to strengthen what you already offer your workforce, this may be worth exploring.
A short conversation can help determine whether your business may qualify and whether it makes sense to take the next step.