How the Strategy Works
This payroll optimization strategy helps employers reduce FICA taxes while expanding valuable employee benefits — without changing existing health plans or broker relationships.
By restructuring a small portion of payroll in a compliant way, employers can redirect payroll tax savings into meaningful benefits for employees.
By restructuring a small portion of payroll in a compliant way, employers can redirect payroll tax savings into meaningful benefits for employees.
step 1: discovery
Provide a basic employee census so we can estimate payroll tax savings and employee benefits.
step 2: tailored proposal
You receive a clear breakdown of estimated employer savings and the enhanced employee benefit package.
.jpeg "image title")
step 3: Simple Implementation
The program runs alongside your existing health plan and has minimal impact on HR or payroll operations.
step 4: Ongoing Support
Administration and reporting are handled for you while employees keep their current doctors and coverage.
WHAT IS SIMRP?
SIMRP stands for Supplemental Individual Medical Reimbursement Plan. It is an IRS-compliant framework that allows employers to reduce payroll taxes while enhancing employee benefits.
The strategy works by restructuring a portion of employee compensation on a pre-tax basis. This reduces the employer’s payroll tax liability while increasing employees’ take-home value through additional healthcare benefits.
Employers typically save on FICA taxes while employees gain access to meaningful supplemental benefits such as primary care services, urgent care, and prescription coverage.
Most importantly, the program works alongside existing health insurance plans and brokers, so companies can strengthen benefits without replacing their current coverage.
The strategy works by restructuring a portion of employee compensation on a pre-tax basis. This reduces the employer’s payroll tax liability while increasing employees’ take-home value through additional healthcare benefits.
Employers typically save on FICA taxes while employees gain access to meaningful supplemental benefits such as primary care services, urgent care, and prescription coverage.
Most importantly, the program works alongside existing health insurance plans and brokers, so companies can strengthen benefits without replacing their current coverage.