SIRMP PROGRAM
What is the S.I.M.R.P Program?
- SELF
- INSURED
- MEDICAL
- REIMBURSEMENT
- PLAN
Also Known As SIMERP Program: Self-Insured Medical Expense Reimbursement Plan
Also Known As WIMPER: Wellness Integrated Medical Expense Reimbursement
The SIMRP Program is a participatory preventive care management program designed to help employees improve their physical and mental health. This innovative cost savings strategy is made possible by a set of tax codes that are part of the Affordable Care Act (ACA). The SIMRP Program can save employers a substantial amount of costs by reducing payroll taxes and lowering workers' compensation insurance premiums. Many indirect cost savings can greatly benefit your organization.
Watch This Video To Learn More About the SIMRP Program
SIMRP Program Direct & Indirect Cost-Saving
1) Save $500-$1,500 in employer payroll taxes per eligible employee.
2) Reduce worker's comp costs approximately 5%-30% by reducing gross payroll.
3) Can reduced health insurance cost by lowering utilization of health insurance benefits.
4) Employees may miss work less with access to 24/7 telemedicine doctor/counselor visits.
5) Wellness benefits can help employees become healthier and increase employee productivity at work.
6) Our No-Net-Cost benefits are very valuable to employees and can reduce employee turnover costs.