2024 | NEW TAX CREDIT PROGRAM:

The "Cafeteria Plan" Tax Credit Program Allows Employers to Give W-2s Free Preventative Healthcare, While Employers Get $900 Per Year for Each W-2 Employee.
 
*Similar to the ERC Program, This NEW Tax Credit Program is Not to be Missed!!!

The "Cafeteria Plan" is paid on a pre-tax basis through a Section 125 cafeteria plan IRS Tax Code that benefits both the Employer & their W-2s. All USA Businesses with 5 or More W-2 Employees Qualify. It's that simple.

APPLY NOW For This Program CALL US ‪(678) 221-4948‬

Apply For The Cafeteria Plan Tax Code Program For USA Businesses With W-2 Employees

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130,000+

EMPLOYEES ENROLLED

1,200+

EMPLOYERS BENEFITING

$208M+

CAFETERIA PLAN VALUE PROVIDED

SAMPLE SAVINGS ANALYSIS

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More About The Program & It's Benefits:

There are currently close to 180 tax breaks, which can take the form of exemptions, deductions, credits, and preferential rates written into the U.S. Tax code. In 2023, those breaks totaled about $1.8 trillion. To put that in perspective, that’s more than the government spends on Social Security, Medicare and Medicaid, or defense.


This government program, the Cafeteria Plan, is unique because it includes benefits for the employer and their W-2 employees. This program can only be implemented by the employers. 


What Are The Benefits?

  • Instantly lowering payroll taxes without making any changes to existing benefits solutions with ZERO cost to the employer.
  • About $900 saved by the organization in FICA withholding per employee per year.
  • About $900 saved by the employee in FICA withholding per year.
  • Employees also get free preventative healthcare coverage as part of this plan.

Why Us?

  • Easy to set up and even easier to maintain. We take care of all the compliance integration for you so that you don't have to jump through hoops to stay qualified for this program and continue to receive the benefits. 
  • Integration with payroll providers allows for almost zero monthly work time from your staff.
  • Everyone benefits: W-2 employees earn money plus they and their dependents can take advantage of real time and saving benefits that are included in the plan at no additional cost.
  • Benefits include: 24/7 Telemedicine visits, access to hundreds of free prescription drugs, preventative screenings, counseling services, and much more.

  • How The Program Works? (The Technical Details)

    The employee is paying for the insurance using pre-tax dollars, which lowers their taxable income therefore lowering their tax obligations for that pay period.  On the same paycheck, they are also receiving a post-tax claim payment from the insurance company for participating in the plan (receiving our outreach at a minimum).  The premium is $1,200 per month, which is broken out on the payroll cycle (i.e. weekly payroll means a $276 premium).  The claim payment to the employee for participating is $1,000 per month, also broken out on payroll cycle (i.e. weekly payroll means a $230 claim payment).  Between how the premium cost, tax savings, and claim payment wash out, the employee experiences an increase in their net pay for that pay period.


    The employer pays an administrative fee to the insurance company for running the program and keeping compliant, it is a flat fee that is collected out of the employer’s FICA savings each pay period, so they never have any out of pocket costs either.  After our fee, the employer’s net savings is ~$650-950 per enrolled employee per year.

    Our program allows employees to pay for qualified healthcare with pre-tax dollars in accordance with Section 125 of the IRS tax code. Through the plan’s premium, members effectively reduce their taxable income and enjoy an increase in their paychecks. 


    Most plans are operated through a "salary redirection agreement", which is a payroll deduction in all but name. Deductions under such agreements are often called pre-tax deductions. Salary redirection contributions are not actually or constructively received by the participant. Therefore, those contributions are not generally considered wages for federal income tax purposes, nor are they usually subject to Federal Insurance Contributions Act tax (FICA) and Federal Unemployment Tax Act (FUTA).


    Reasons for implementing this Section 125 Cafeteria Plan are primarily for the tax savings advantages for the employer and the benefits to their employees which include free preventative healthcare in addition to tax savings. Both parties save on taxes and therefore increase their spendable income. Employees' pretax contributions are not subject to federal, state, or social security taxes. Employers save on the employer portion of FICA, FUTA, and workers' compensation insurance premiums.


"We're here to provide Employers & their W-2s with the best benefits possible utilizing the current tax codes & government sponsored programs"

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