IRS-ADVOCATES

​WHAT IS ESSENTIALS HEALTH PLAN (EHP)?

 

EHP takes advantage of the IRS Section 125 Cafeteria Plan and incorporates regulations added under Obamacare. The result is a unique approach that allows businesses to enrich employee benefits without any reduction to their paychecks. And the benefits don't stop there—EHP has the potential to save your corporation up to $900 per employee in yearly FICA taxes and up to 30% on workers' compensation, all while maintaining existing coverage.

 

 

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WHAT’S IN IT FOR THE EMPLOYER?

• Financial Savings: Up to $900 per employee in yearly Federal Insurance Contribution Act (FICA) taxes

• Employee Savings: Up to $1000 annually for each employee

• Operational Efficiency: Potential savings of up to 30% on workers' compensation

• Employee Well-being: Comprehensive coverage across accident, MEC, dental, vision, hospital indemnity, and more

• Tailored Support: Specialized programs for chronic disease management, mental health, prescriptions, weight management, smoking cessation, and more

• Enhances your existing healthcare plan or provides healthcare for individuals who do not have insurance

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HOW DO I GET MY COMPANY STARTED?

If you answered yes to the following questions, you will qualify:

1. Do you have W2 employees?

2. Are you paying into a healthcare insurance for your employees?

3. Do you have at least five employees or more?

4. Do you pay into FICA for your employees?

If you answered yes to the following questions, click the link below to schedule your free consultation.