Is Your Workplace Missing Out on Section 125 Program Benefits?
Most employers are looking for ways to offer better benefits without increasing costs. Rising healthcare expenses, retention pressure, and the need for a stronger employee experience make it challenging. Section 125 programs provide real savings for businesses, and more take-home pay for employees. The Lumara Plan delivers family-level benefits at $0 copay without adding cost […]
Is a Self-Insured Medical Reimbursement Plan (SIMERP) Right for Your Small Business?
A self-insured medical reimbursement plan is an effective way for employers to save on taxes while providing certain healthcare benefits to their employees. This strategy enables employers to prioritize the physical well-being of their employees while minimizing their overall tax liability. This plan has several advantages, but is limited to specific options. It is not […]
What’s the Real Financial Impact of Ignoring Section 125 Health Plans?
A Section 125 plan provides tax benefits to your workers and can help reduce the impact of rising health care costs. With these costs representing a significant portion of the average American’s expenses, offering a way to reduce them and help employees plan ahead can be attractive incentives. One such benefit, the Section 125 health […]
How Can Health Insurance Reduce Your Business’s Tax Liability This Year?
Taxes. No one loves them, especially when you’re overpaying. Each year, thousands of companies leave money on the table by not making full use of employee benefits available to them in order to lower their tax burden. Health insurance for tax purposes is one of the most neglected but strongest means of generating savings. But […]
How Can Section 125 Lower Your Company’s Healthcare Costs?
In the competitive business environment of today, minimizing overhead without sacrificing value is a priority strategy for innovative employers. Healthcare expenses, particularly, remain the bane of margins and burden HR departments. But suppose it were possible to lower your business’s healthcare expenditures while improving worker benefits without paying more. That’s where Section 125 comes in. […]