Employer Benefits

Tax-Advantaged Health and Wellness Program

1st Capital Financial’s Essentials Health Plan™ is a first-of-its-kind WIMPER Program that saves employers money with no additional cost to their workforce.

Explainer Video

EMPLOYEE BENEFITS

Tax-Advantaged Health and Wellness Program

1st Capital Financial’s Essentials Health Plan™ is a first-of-its-kind WIMPER Program that saves employers money with no additional cost to their workforce.

Get Started

18 to 30%

Workers’ Compensation Savings

Up to $900

Per Employee FICA Reduction

Zero-Net Cost

Cost for Employers and Employees

A Thoughtfully-Designed and Holistic WIMPER Program

Lower your payroll tax liability and workers’ compensation expenses while empowering your workforce with a suite of supplemental health and wellness benefits.

Highest Value WIMPER Program Available

The combined tax incentives and benefit options of the Essentials Health Plan™ are unmatched by any other WIMPER, SIMRP, or Preventative Care Management Program (PCMP) today.

Customizable Suite of Employee Benefits

The Essentials Health Plan™ offers a wide range of employee benefits, including mental health services, telemedicine, and universal life insurance, from AM Best A+ rated companies in all 50 states.

IRS, ACA, ADA, ERISA, and HIPAA Compliant

The Essentials Health Plan™ was carefully crafted by tax and insurance professionals to ensure its compliance with all IRS memos, the Affordable Care Act (ACA), and related public law.*

WIMPER PROGRAM OVERVIEW

What Is the Essentials Health Plan™?

The Essentials Health Plan™ combines a Self-Insured Medical Reimbursement Plan (SIMRP) and a Section 125 Cafeteria Plan
to create what’s called a Wellness and Integrated Medical Plan Expense Reimbursement (WIMPER) Program. This model reduces employers’ payroll tax liability, employees’ taxable wages, and the cost of workers’ compensation insurance.

IRS

Medical care reimbursements paid for an employee under an employer's self-insured medical reimbursement plan aren't wages and aren't subject to social security, Medicare, and FUTA taxes, or income tax withholding.

IRS Publication 15 (2024), Employer's Tax Guide

At A Glance

Reduces FICA Taxes by up to $900 per Employee and Workers’ Compensation Costs by up to 30% Every Year or up to $650 and 18% for Employers With Less Than 20 Employees.

Seamless Integration With All Major Payroll Providers and Software, and Insurance Carriers.

Participatory Health and Wellness Benefits for Employees With Zero-Net Cost.

Our philosophy is straightforward and uncomplicated.

We understand the challenges employers face in today’s labor market. The Essentials Health Plan™ was purposely created to democratize access to high-quality, customizable health and wellness benefits that meet employees’ needs and expectations.

Primary Benefits

Empowers Employees and Their Families With a Wide Range of Meaningful Benefits to Choose From

Boosts Employees' Engagement, Productivity, and Well-Being

Reduces Employees' Paid Time Off (PTO)/Paid Sick Leave (PSL)

Improves Talent Acquisition and Employee Retention

WIMPER PROGRAM BENEFITS

What Are the Benefits of the Essentials Health Plan™?

Predictable WIMPER Program Outcomes

80 to 90%

Average Employee Participation

Over 50%

Fewer Urgent Care Visits

Up to 40%

Fewer Emergency Room Visits

WIMPER PROGRAM ELIGIBILITY

Who Is Eligible for the Essentials Health Plan™?

The qualifications for the Essentials Health Plan™ are simple whether you’re a small, midsize, or large business.

Minimum Criteria

Minimum of Five W2 Employees (Not Including Owners)

Employees Must Be Full-Time or Receiving an Annual Salary of at Least $26,240

Existing ACA-Approved Qualified Health Plan. Those without a Qualified Health Plan may opt for an EHP™ Minimum Essential Coverage (MEC) plan.

HOW TO APPLY FOR OUR WIMPER PROGRAM

The Essentials Health Plan™ Application Process

Submit Your WIMPER Intake Form Online

Share a few details about yourself and your business using our WIMPER Intake Form. We'll then contact you to go over the program, answer any questions you have, and discuss the next steps.

Complete Your Employee Census Report

We’ll provide you with an employee census report to complete so that we can assess the demographics of your workforce and put together an accurate and thorough proposal (free-of-charge).

Review Your Tailored Essentials Health Plan™ Proposal

Your proposal will identify the tax savings, benefits, and value of the Essentials Health Plan™ to your business. Once you approve, we’ll work directly with you and your payroll department to ensure hassle-free and compliant administration and maximum employee participation upon launch.

Launch, Enroll, and Begin Saving

After working with you and your payroll department, we’ll have a strategy and a launch date for all stakeholders involved. Your savings and your employees’ benefits will start in the first month.

FAQS ABOUT OUR WIMPER PROGRAM

Frequently Asked Questions, Answered

FAQs

What is a WIMPER program?

A Wellness and Integrated Medical Plan Reimbursement (WIMPER) program combines a SIMRP and a wellness program that work synergistically with a Qualified Health Plan. It’s considered an employer-sponsored Health Reimbursement Arrangement (HRA), offering a substantial tax advantage under the ACA.

Are Essentials Health Plan™ benefits taxable?

No, Essentials Health Plan™ benefits are not taxable since it’s a participatory program and not an activity-based program.

Do participants get to choose their own Essentials Health Plan™ supplemental health options?

Yes, Essentials Health Plan™ participants may apply a portion of their allotment balance to optional ancillary benefits, including dental, vision, accident, hospital indemnity, life insurance, and more.

Are Essentials Health Plan™ benefits available to participants' spouse and depents?

Yes, all Essentials Health Plan™ benefits may extended to participants’ spouses and dependents.

How does the Essentials Health Plan™ affect participants' gross wages?

Essentials Health Plan™ participants will see additional line items on their pay stubs to account for pre-tax deductions and post-tax reimbursements. However, the net pay amount will show no change or up to a $50 increase.

Are Essentials Health Plan™ participants required to answer health-related questions to obtain coverage?

No, participants are not asked health-related questions since the Essentials Health Plan™ leverages exclusively group policies.

Still have questions? Give us a call at +1 (626) 221-2860.

* In addition to all IRS memos and provisions under the Affordable Care Act (ACA), the Essentials Health Plan™ accounts for the following public law: Internal Revenue Code (IRC) § 106(a) (i.e., ERISA), IRC § 213(d) (i.e., ACA and ADA), IRC § 105(b) (i.e., HIPAA), IRC § 5125, IRC § 125, Code of Federal Regulations (CFR) § 1.105-11, IRC § 104(a)(3), CFR § 1.105-11(i), CFR § 1.105-11(k)(1), and CFR § 1.105-11(k)(2).

Ready to Learn More?

Submit a WIMPER Intake Form online to find out how much your business could save by incorporating tax-advantaged health and wellness benefits through the Essentials Health Plan™.