Helpful Articles
07 OCTOBER
How a SIMRP Plan Can Create Funds for Retirement Savings
Using a SIMRP to create retirement savings. Employees can choose to redirect their increased take-home pay into retirement accounts such as a 401(k), Roth IRA, or annuity plan. Even modest monthly contributions can compound significantly over time.
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19 AUGUST
How the SIMRP Helps Business
A SIMRP is a medical plan administered by your organization and it does have qualities that are grant-like...
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19 AUGUST
IRS Guidelines for Reimbursements
Medical expenses incurred before a self-insured reimbursement plan is officially established cannot be reimbursed tax-free—they must be counted as taxable income.
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08 APRIL
Introduction to SIMRP
Read an excerpt from the article written by Peter Karl and Dominick G. Mondi and published in The CPA Journal regarding the definition of a Self Insured Medical Reimbursement Plan, SIMRP.
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31 MARCH
Understanding the Affordable Care Act (ACA)
Since its passage, the ACA has undergone numerous changes, including the removal of the individual mandate penalty in 2019. Despite challenges, it remains a cornerstone of healthcare in the U.S.
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05 FEBRUARY
How Schools Can Overcome Budget Cuts with Preventive Care Benefits
Schools are grappling with shrinking budgets. Rising costs, unfunded mandates, and limited state resources often force administrators to make painful decisions—cutting staff positions, reducing programs, or deferring critical student resources. These cuts don’t just impact the classroom; they ripple out to affect teachers, staff, families, and, most importantly, students. We can provide a morale boost and much needed relief on school administrators.
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