A Smarter Way to Reduce Costs and Enhance Employee Benefits
Running a business means managing ever-growing expenses—payroll taxes, workers’ compensation, and rising healthcare costs. What if there was a proven strategy to reduce those expenses without cutting corners or slashing benefits?
That’s where SIMeRP comes in.
What Is SIMeRP?
SIMeRP stands for Self-Insured Medical Reimbursement Plan. It’s an IRS-approved, employer-sponsored workplace program that allows businesses to:
- Lower payroll tax liability
- Reduce workers’ compensation premiums
- Offer enhanced benefits to employees
- All without increasing your out-of-pocket costs
SIMeRP pairs a certified wellness program with an ACA-approved medical plan to form an integrated Section 105 plan, giving your business access to major savings while improving employee satisfaction and retention.
How SIMeRP Works
- Reallocate existing payroll tax dollars into a pre-tax wellness benefit allotment.
- Pair the program with your current medical plan—no changes required to your existing coverage.
- Provide your employees with valuable supplemental benefits (accident, critical illness, cancer insurance, and more).
- Save thousands each year in FICA taxes and workers’ comp premiums—all while strengthening your employee benefits.
How SIMeRP Helps Your Business
✅ Saves ~$640 per employee annually in payroll (FICA) tax
✅ Reduces workers’ comp premiums by 20–30%
✅ Enhances your benefits package at no net cost
✅ Complies with IRS regulations and codes
✅ Increases employee satisfaction and reduces turnover
Fully IRS-Compliant & Legally Vetted
SIMeRP was designed for strict compliance and aligns with the following Internal Revenue Codes:
- IRC 106(a) – Pre-tax exclusion for medical coverage
- IRC 105(b) – Tax-free reimbursements for medical expenses
- IRC 213(d) – Defines eligible medical care
- IRC 125 – Cafeteria Plan compliance
- Plus: HIPAA, ERISA, ADA, and IRS Memo 201703013
These guidelines ensure both employers and employees receive tax-advantaged benefits without triggering unexpected liabilities.
Powered by Amaze Health Wellness
Our wellness component, powered by Amaze Health, includes access to:
- Telehealth services
- Preventive care support
- Certified 213(d) compliant wellness activities
Who Qualifies for SIMeRP?
Your business likely qualifies if:
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The employee has an ACA-compliant health plan on their own or through the employer
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Employee is W-2 ( 10-99s are not eligible)
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Employees work at least 30 hours a week or meet the financial eligibility requirements.
SIMeRP works best for businesses with 5 or more employees looking to reduce tax liability and boost their benefits offering without increasing costs.
See What You Could Save
We offer a free, no-obligation savings report customized to your business. We’ll show you exactly how SIMeRP can benefit your company—both financially and operationally.