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Medical Reimbursement Plan will
help your Company Save $100-$300 per month per employee.
For businesses with small group coverage.
Over 50,000 plans established so
far, shouldn't you find out why?
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|
|
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Lower your
health insurance premium by 30 - 50%
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When you switch from a traditional expensive plan to
a consumer driven health plan. |
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Lower
payroll taxes and increase your
employee's take home pay
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with some minor changes to how you handle premiums
and deductibles for tax purposes, at zero cost to
you. |
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Cut costs, Not benefits
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no need to jump start your health insurance with
a reduction in benefits. A flex plan will
allow you to offer your employees more choices at
less cost to you. |
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|
|
Without Plan |
|
With Plan |
|
Employer Paid
Annual Premium |
$46,750 |
|
$33,120 |
| |
|
HRA Funding |
$5,600 |
| |
|
Guaranteed
Savings |
$8,030 |
| |
|
Actual HRA
Utilization |
$3,370 |
| |
|
Actual Savings |
$10,260 |
| |
|
|
|
|
Annual Employer
Insurance Cost |
$46,750 |
|
$36,490 |
|
|
|
|
|
|
Employee Paid
Premium |
$16,687 |
|
$16,687 |
|
Dependant Care
|
$6,000 |
|
$6,000 |
|
Uncovered Medical Expenses |
$11,200 |
|
$11,200 |
|
Total Employee Paid Eligible
Expenses |
$33,887 |
|
$33,887 |
|
Employer Payroll Savings |
-$0- |
|
$2,677.00 |
|
Total Employer Savings |
-$0- |
|
$12,937.00 |
| |
|
|
|
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|
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|
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Additional
Savings for each
Employee at no
cost to
Employer; |
|
Employee
Paycheck
With
Out
Plan
|
|
Salary
|
$
|
2000
|
|
Insurance
Premium
|
-
|
400
|
|
FICA,federal,
state
taxes
|
-
|
400
|
|
Net
Pay
|
$
|
1200
|
|
|
|
Employee
Paycheck
With
Plan
|
|
Salary
|
$
|
2000
|
|
Insurance
Premium
|
-
|
400
|
|
FICA,federal,
state
taxes
|
-
|
400
|
|
Net
Pay
|
$
|
1200
|
|
|
 |
 |
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A Section 105 Plan may used with
a partially self funded option
to further reduce health
insurance premiums while
maintaining the same level of
coverage for employees.
This approach allows an employer
to participate in some of the
insurance underwriting profits
of the group while limiting
their out of pocket exposure to
claims. With this
arrangement an employer may seek
to modify or customize the
coverage to best suit the
employees' and employer's
particular needs instead of
simply accepting the coverage
provided by their insurance
carrier. Large companies
have been using this approach
for years to meet their health
benefit needs and have saved
thousands of dollars each year.
Back to Top
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View a short movie explaining how BizPlan works
Audit
Guarantee
Savings Guaranteed
How to Get Started
HRA Calculator
for Groups
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