IRS-ADVOCATES

WHAT IS CORPORATE WELLNESS?

It’s no secret that stress is a part of working life. Even the most tenacious employee might experience work or life-related anxiety and stress at some point. Consequently, employers need to be aware of and anticipate stress and provide resources to alleviate or lessen its impact. When companies treat their employees right and put them in a healthy environment, they’re much more likely to keep them than watch as they leave for competitors. Additionally, it is through wellness programs that you demonstrate your commitment to your employees. Furthermore, you will establish an underlying value of respect and consideration while communicating a clear expectation of how your employees should treat each other.

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WHAT’S IN IT FOR THE EMPLOYER?

• Huge cost savings in healthcare (Up to $200 reduction per employee in healthcare premium)

• Maintaining employee loyalty & gaining more referrals 

• Improved workplace productivity & less doctor visits

• A more positive image for the company

• Doctor/Patient awareness & accountability

 

WHAT IS NEEDED FOR CORPORATE WELLNESS?

-Corporation must have W2 employees (at least 5 minimum and no maximum amount)

-Corporation pays healthcare premium for employees

-Corporation must be U.S., Canada, & Mexico based

-Could be implemented with existing healthcare

 

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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