Win Win Tax Incentive Programs

Discover how to take advantage of government incentives to enhance your business, your employees and your bottom line!

Proactive Health Management Plan - $800 Net Tax Savings Per Employee Per Year
Workforce Innovation & Opportunity Grant - Payment towards salary of qualified new hires
The Work Opportunity Tax Credit (WOTC) - Credit for qualified new hires in "targeted groups" and "empowerment zones"
The Youth Jobs Program - Incentives for hiring qualified high school and college graduates

Contact Irma Parone to Discover How You Can Benefit 

Details on The Proactive Health Management Plan Tax Incentive 

Overview 
of Program & Benefits to Employer / Employee

The Health Management Reimbursement Program 

There’s a special tax incentive that most companies are eligible for that rewards you for offering certain types of wellness, Telehealth, or mental health programs. It’s called The Health Management Reimbursement Program, and it reduces an employer’s FICA taxes if they offer certain preventative healthcare options to keep their employees healthy and reduce future healthcare costs. 

The average FICA savings are around $800 per employee per year. Best of all, if you don’t have the required wellness and Telehealth programs in place, these will be provided by our healthcare partners at no cost to you and ultimately paid for by part of the tax incentive. Basically, this program turns Wellness and Preventative Healthcare into a profit center for you!

There are a few basic eligibility requirements:

You have over 15 W-2 employees.
You must be paying FICA taxes.
Only employees based in the US are eligible.
Eligibility does not depend on whether or not the employee currently has healthcare coverage.
Many part time employees are eligible if they make more than $20,000 per year in gross wages.

Frequently Asked Questions

What does the EMPLOYER have to do to implement program?

Provide Evergreen Capital USA with a recent payroll report so to run calculations and ensure that the program provides (1) Benefits to employee at no cost (2) reduction of FICA being paid by Employer and (3) reduction of FICA being paid by Employee

What does the EMPLOYEE have to do to implement program?

The minimum requirement for the EMPLOYEE is to agrees to receive preventative healthcare educational materials via emails and/or text messages from the benefits provider. (Yes, that's it. Hopefully, they will take advantage of the great benefits.)

What kind of extra time and effort is it for the EMPLOYER to implement the program?

This program is integrated into most payroll systems and their system will automatically will capture the ongoing tax savings for you. The initial set up of the benefit program, working directly with the payroll department (or outsourced company) takes a couple of hours to set up. After that the program runs on auto-pilot.

Additional Questions?
Contact Irma@ParoneGroup.com
Tel: 954-464-6689