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CASE STUDY
The Scenario
The client is an 8,000 employee franchisee company searching for a fully vetted and compliant solution to increase their benefits package to attract and retain top employees, yet wanting to reduce mandated MEC plan costs. Currently, 2300 employees are enrolled in a MEC plan with one of our competitors at $65 PEPM which is costing them $149,500 per month or $1,794,000 annually in MEC spend.
This plan will help many restaurants, hotels, franchisees, and employers provide affordable and ACA-compliant healthcare benefits employees need without negatively impacting their bottom line.
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The Solution
By utilizing the Compass125 Plan for its employees, the FICA tax savings created by the plan eliminated and funded their $1,794,000 yearly MEC spend on the 2,300 MEC-enrolled employees without eliminating the MEC benefits.
In addition, the Compass125 Plan generated over $3,400,000 to the company's bottom line on the remaining 5,700 employees enrolled in the plan.
(Employees DO NOT have to be enrolled in a health insurance plan to participate and receive the benefits, including receiving any additional financial benefit)
Plus, across the group's employee population, employees saved $8,000,000 in payroll taxes, and in many cases, also dropped employees into a lower tax bracket. Another... Slam dunk!!
Now It Is YOUR Turn to SAVE!
Regardless of the size of your organization, a SECTION 125 Tax Savings Plan can provide your employees significant healthcare benefits while at the same time adding significant upside to the organization's bottom line.
There is no other self-insured health insurance plan like this on the market today, legally vetted, compliant, and approved by state insurance boards across the nation designed specifically to help employees take a proactive approach to their own health, healthcare and well-being while putting money into the pockets of BOTH employers and their employees.
The process is simple. It all starts with an employee census. Within 72 hours we can turn around a full proposal and report outlining all the financial details for both the employer and all employees.
Let's get started today!
To request more information or to get a proposal started, click the link below.
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"Partnering with the plan has impacted our organization in more ways than we can count. During these pressing times, having the ability to offer a preventative healthcare platform has significantly impacted all 400+ employees across the organization. Since the beginning, execution of this platform has been seamless and effortless."
McDonald's Franchisee
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"Our company boasts approximately 700 participating employees per month. As an employer, we have thoroughly enjoyed the Compass125 as well as offering our employees the benefits of the platform.
The Compass125 was implemented through auto-enrollment. This made the process extremely smooth and allowed us to immediately begin saving in payroll taxes. The Compass125 has provided our employees simplified access to a preventative healthcare program.
Our employees have reported being extremely satisfied with the access to benefits and the added monetary bonus each month. As a company, we would highly recommend the Compass125 for both employers and employees."
IHOP Franchisee