Help meet your employees' medical needs.
At Goodwin Health & Wellness, we are dedicated to meeting your employees' medical needs while supporting your business objectives. Our Wellness + Voluntary Benefits Package is a self-funded, personalized healthcare solution that offers preventive and ongoing maintenance services at no additional cost to your employees or your business. This comprehensive plan not only helps retain your current workforce but also attracts the best professionals in the industry.
Benefits for Employers
- Regulatory Compliance: Our plan guarantees full compliance with IRS codes and Obamacare regulations, helping your business avoid potential legal risks and penalties while streamlining the benefits process.
- Premium Coverage: We partner with AMBEST A-rated insurance providers to deliver top-tier health benefits, ensuring your employees receive high-quality care and services.
- Cost Savings: Save up to $750 per employee annually in FICA taxes while also reducing voluntary benefit costs when the employer contributes to the coverage, maximizing your overall cost efficiency.
- Reduced Expenses: Achieve 20-50% savings on workers' compensation expenses by reducing payroll liabilities, all without needing to change your existing coverage or provider.
- Comprehensive Health Offerings: Our plan provides an extensive range of benefits, including accident coverage, virtual urgent care, dental, vision, and ACA-compliant plans that cover free checkups and medications—offering peace of mind and promoting employee wellness.
- Employee Retention: Stand out in a competitive job market with a robust benefits package that attracts top talent and strengthens employee loyalty, helping you build a dedicated and motivated workforce.
Benefits for Employees
- Guaranteed Coverage: Employees receive guaranteed issue accident, disability, critical illness with cancer, and whole life insurance without health questions, ensuring easy access to essential coverage.
- No Impact on Take-Home Pay: The plan's reimbursement structure ensures there is no reduction in employees' take-home pay while providing extensive coverage.
- Comprehensive Preventive Care: Includes free access to preventive services, such as annual exams, immunizations, and screenings, along with affordable doctor and urgent care visits.
- Wide Range of Benefits: Offers access to telemedicine, dental, vision, hospital indemnity, and various other patient benefits, ensuring comprehensive health support.
- Flexible and Convenient: Integrates effortlessly with any existing payroll system, minimizing administrative burden for employers. Employees enjoy a user-friendly management dashboard that allows them to easily access their benefits in real time.
- Enhanced Wellness Support: Provides employees with access to wellness programs, such as fitness memberships, mental health resources, and lifestyle coaching, promoting overall well-being and a healthier workplace environment.
Maximizing Benefits for Employers + Employees
By partnering with the Wellness + Voluntary Benefits Package, employers can enjoy substantial financial advantages through tax reductions and decreased workers' compensation costs. Employees benefit from full access to preventive care, including annual physicals, general physician visits, specialist consultations, and urgent care, all with no out-of-pocket expenses. Additionally, our package covers a wide range of benefits, such as dental, vision, life insurance, accident, and hospital plans.
Providing these valuable benefits at no cost to your employees helps build morale, foster loyalty, and enhance your reputation as a top-tier employer. In today's competitive landscape, offering a robust benefits package is not just a necessity; it's a strategic advantage.
Explore how the Wellness + Voluntary Benefits Package can transform your employee benefits and position your company as a leader in talent retention and attraction. Visit our website to learn more!
Why Choose the Wellness + Voluntary Benefits Package?
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Cost Efficiency
Employers benefit from significant financial savings, including potential reductions of up to $750 per employee annually in FICA taxes.
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Workers' Compensation Savings
Unlock further savings of 20-50% on workers' compensation expenses without altering your existing coverage.
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Comprehensive Benefits
Our plan goes beyond traditional health coverage, including accident coverage, virtual urgent care, dental, vision, life insurance, and more, providing a broad suite of options tailored to employee needs.
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Regulatory Compliance
Our plan is designed to fully comply with IRS codes, including Section 125 cafeteria guidelines, and adheres to all regulatory updates introduced under the Affordable Care Act (ACA). This ensures a compliant and hassle-free experience for employers.
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Elite Coverage Partnerships
We partner with AMBEST A-rated insurance providers to offer premium health benefits, ensuring your employees have access to top-tier coverage.
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Unmatched Wellness Support
Our ACA-compliant Minimum Essential Coverage (MEC) plan offers free preventive services, such as checkups and medications, with direct access to healthcare providers—all without deductibles.
How does it work?
- Regulatory Compliance: EHP is designed to meet IRS regulations, including IRC sections 213(d), 106(a), 105(b), and ACA requirements. It also aligns with ERISA, HIPAA, and ADA guidelines, ensuring it meets all legal standards for a compliant wellness program.
- Integrated Healthcare Approach: The plan combines a self-funded Wellness Integrated Medical Plan Expense Reimbursement (WIMPER), a Health Reimbursement Arrangement (HRA) under IRS Section 105(b), and a Self-Insured Medical Reimbursement Plan (SIMERP), which works with an existing health insurance policy to provide comprehensive coverage.
- Pre-Tax Benefits: EHP allows for pre-tax deductions of employee contributions through a Section 125 Cafeteria Plan, reducing taxable income and creating savings for both the employer and the employee.
- Reimbursement Flexibility: The plan offers post-tax reimbursements for qualifying medical expenses as defined by IRC Section 213(d), which are excluded from the employee's gross income under Sections 105(b) and 104(a)(3).
- Streamlined Implementation: EHP is designed for easy integration with existing payroll systems, minimizing administrative workload and maximizing efficiency for HR departments while providing tax savings that cover plan costs.
Request A No Obligation Offer
With the Wellness + Voluntary Benefits Package, there is no cost to you. We’ll take the time to understand your company’s unique needs and create a customized benefits package tailored for your workforce. Contact us today and let us help you provide the essential benefits your employees deserve!