The Preventative Health Initiative (PHI) is a powerful wellness program that is installed as a secondary health insurance for employees within an organization with zero net out-of-pocket cost to the employer. It provides a powerful cost-savings to the employer by using FICA Taxes Benefits that improve the quality of an employees life. The PWP makes a healthier workforce through increasing the employer offered benefit package and providing a portable Whole Life Insurance policy

The goal of the plan is to improve employee health and well-being, increase productivity and performance, reduce healthcare costs, and enhance employee engagement and retention. This is achieved through encouraging healthier lifestyles, promoting wellness activities, and providing risk management resources. There are also tax advantages of a reduction for each enrolled employee in FICA tax savings that is taken recognized at very payroll run.

By improving the quality of employee health and well-being, studies have shown an increase in productivity and performance, reduced health care cost, and an enhancement of employee engagement and retention.

The employees will have 24/7 access through a mobile app to the PWP benefits. These benefits are accessible to everyone in the employee household.

1.Physical

• Health Risk Assessment and Analysis

• 24/7 Telemedicine with $0/co-pay

• Health Tracking

• Discount Prescriptions

• Rx Ordering

• Health Coaching

• Smoking Cessation

2.Mental

• Relationship Counseling

• Behavioral Counseling

• Legal Counseling

• Adoption Counseling

• Simple Will

• Child custody/child support

3. Financial

• Planning for Retirement

• Preparing for life events

• Student Loan Debt Relief

• Household Bill Structuring

• Tax-related issues

• Credit Review

• Home Purchase education

• College & Student Loan Counseling

4. Family

• Life Coaching

• Referrals

• Childcare

• Eldercare

• Dependent Care

• Medical Advocacy

5.Whole Life Policy

• Death Benefit

• Coverage if something happens to employee

• Transportable Policy

• Guaranteed Issue

• Cash accumulated monthly with guaranteed interest

The Affordable Care Act creates new incentives and builds on existing wellness program policies to promote employer wellness programs and encourage opportunities to support healthier workplaces. 

The Departments of Health and Human Services (HHS), Labor and the Treasury are jointly releasing proposed rules on wellness programs to reflect the changes to existing wellness provisions made by the Affordable Care Act and to encourage appropriately designed, consumer-protective wellness programs in group health coverage. 

► The Affordable Care Act

► The Department of Health and Human Services

► The U.S. Treasury

► The Department of Labor

► The I.R.S.

In order to have a compliant self-insured platform, the following provisions must be considered when determining which benefits are allowable for reimbursement:

► IRC 125 CAFETERIA PLAN - Pre-Tax Deduction

► IRC 105 SIMRP - (Self Insured Medical Reimbursement Plan) Balance used for Medical Expense Reimbursement

► IRC 213(D) MEDICAL EXPENSES - Benefits approved by the ACA, HHS, DOL, and CMS

► Proactive Plans

► Benefits that promote health

► Benefits the prevent disease

► Supported by the ACA, DOL, HHS and the US Treasury

► Utilize the Qualified 213.d Medical Expense

► Require participation which establishes benefit usage

► Whole Life Insurance policy as a voluntary benefit utilized as a reward according the ACA guidelines

❌ Types NOT Allowed by the IRS:

► Non-compliant by the IRS due to "double dipping"

► Utilizing benefits that are pre-taxed that produce a cash benefit that is also not taxed

► Not utilizing the 213.d Qualified Medical Expenses

► Not requiring usage of benefits

► Not supported by the IRS, ACA, DHS or the US Treasury

An employer-sponsored wellness program aims to address one or more health issues to help prevent or manage disease. Take your program to the next level through a social wellness platform that can track progress, integrate with fitness devices, and incentivize success. The complexity of the program depends on the desired outcomes and wellness strategy your company has defined.  

Your employees will have 24/7 access to an app that will allow them to pick and choose the services they need when they need them. The portal will provide instructions on how to access the different features and benefits.

Zero Net dollars. Your employees will see the line items in their paycheck showing the deductions with the government-approved cash reimbursement. NO-Net-Out-of-Pocket cost.

As an employer you will see immediate benefits in the reduction of the amount of FICA Tax you have to pay regularly which means more money in your monthly bottom line .

Less taxes. More benefits.