Health Reimbursement Plan Saving Companies Thousands!
What a Self-Insured Medical Reimbursement Plan (SIMRP) does
A SIMRP is an IRS-approved structure that reallocates a portion of taxable payroll into a compliant medical reimbursement framework—helping reduce payroll tax exposure while increasing employee value.
- Reduces employer payroll tax exposure (FICA and payroll-related costs)
- Lowers taxable wages while increasing employee health-related value
- Can reduce workers’ compensation premium calculations tied to taxable payroll
- Adds meaningful, useable benefits without disrupting major medical coverage
- Designed to operate at no net increase in cost through payroll reallocation
Employee experience examples
A quick look at what employees see—plus a paycheck example showing how reallocation can redirect dollars into credited benefits.
Paycheck impact
See how payroll dollars can be redirected into credited health benefits—without changing major medical.
Preventative care tools
Simple, guided tools that increase engagement and utilization.
Employee support resources
Practical help employees can access as part of the program.
Telemedicine & virtual care
Convenient access and care navigation support.
Rx support
Medication access tools and adherence support resources.
Employee portal
A central dashboard for resources, guidance, and benefit tools.
Questions employers always ask
Where does the funding come from?
From reallocating dollars that would otherwise be paid in payroll taxes—not from increasing wages or adding a new ongoing benefit line item.
How do employees receive the benefit?
Through a compliant medical reimbursement structure and program resources that support utilization and employee value.
Does this replace our current medical plan?
No. Existing major medical coverage remains unchanged.
Is this compliant?
SIMRPs are structured to align with IRS guidelines and supported with full administration and documentation.
Is this actually free?
Not “free”—it’s designed to operate at no net increase in cost by redirecting payroll tax dollars already leaving the business.
What’s the next step?
Request a private SIMRP strategy review so we can confirm fit based on workforce size, payroll structure, and goals.
This content is for educational purposes only and does not constitute tax or legal advice. Program structure and results vary by employer and must be reviewed prior to implementation.