Offering health benefit plan coverage that not only looks after your employees but also aids in managing your company’s expenses should be one of your top objectives as a business owner. It can be difficult to strike the ideal balance. What if you could provide your employees with extra perks through a health benefit plan without raising your expenses?
Presenting Harmoni125, a section 125 health plan solution that offers companies tax-advantaged health benefits without requiring them to pay extra out-of-pocket. Harmoni125 is a cost-effective and legal health benefits plan that benefits your company and your employees by combining Section 125, a Preventative Care Management Plan (PCMP), and a Self-Insured Medical Reimbursement Plan (SIMRP).
What is Harmoni125? The Best of Both Worlds
Harmoni125 is a special program that combines the proactive approach of a PCMP, the flexibility of a SIMRP, and the advantages of a health plan section 125. This health benefit plan coverage aims to lower expenses while enhancing employee well-being, not merely providing basic healthcare.
- SIMRP: By assisting companies with employee medical reimbursement, this plan lowers the burden of healthcare costs and generates long-term savings.
- PCMP: PCMP promotes a healthier workforce by prioritizing preventative care, which lowers the need for costly medical procedures later on.
Through the health plan section 125, employers benefit from tax savings, making Harmoni125 one of the most cost-effective health benefit plan coverage options available.
Why Employers Love Harmoni125
1. Save on Healthcare Costs
The main concern for most employers when it comes to health benefit plan coverage is how to keep costs manageable. Harmoni125 solves this by combining health plan section 125 with SIMRP and PCMP, enabling employers to save an average of $680 per employee per year. That’s $68,000 in savings for every 100 employees—all without any out-of-pocket costs.
2. A No-Cost Solution
The beauty of Harmoni125 is that it’s designed to have no out-of-pocket cost for employers. No premiums. No additional administrative fees. With the health plan section 125 in place, the plan is easy to set up, offering a zero-cost, automated solution that doesn’t burden HR teams.
3. Quick and Easy Implementation
It shouldn’t be difficult to implement a new health benefit plan. You can put the program into action using Harmoni125 in 30 to 45 days. You can start saving money and providing your employees with greater benefits right away because the process is simple and easy.
4. Boost Employee Retention
One of the best strategies to increase employee retention is to provide excellent benefits. Because Harmoni125 uses Section 125 tax savings, employees receive more without compromising their take-home pay. Employee satisfaction is improved, turnover is decreased, and productivity is raised as a result.
Why Employees Love Harmoni125
1. More Take-Home Pay
Employees who use Harmoni125 maintain their take-home income while having access to additional health benefits at no additional expense. Employees can use pre-tax money to contribute to their health benefits under the health plan’s section 125 structure, which puts extra money in their wallets each month.
2. Access to 24/7 Telehealth
Employees will appreciate the $0 copay telehealth feature included in Harmoni125. Whether they need to consult a doctor, a nurse, or a health coach, they can do so easily and without leaving work. This provides great convenience and supports employee health on demand.
3. Comprehensive Mental Health & Wellness Coverage
In addition, Harmoni125 provides wellness, addiction, and mental health services, granting staff members access to Mayo Clinic tools and resources. These tools promote mental and physical health, which is essential in the modern workplace.
4. Life, Disability, and Critical Illness Coverage
When the unexpected happens, Harmoni125 helps employees stay protected with Universal Life, Disability, and Critical Illness coverage—all part of the plan’s rich benefit structure.
How Harmoni125 Leverages Health Plan Section 125 for Maximum Tax Savings
Harmoni125’s inclusion of the health plan Section 125 is what gives this plan its strength. Offering benefits via Section 125 helps companies and workers reduce their tax obligation. By means of pre-tax money, employees contribute to their health benefits, hence saving on federal and state taxes. Employers save on payroll taxes as a result.
This tax efficiency helps make Harmoni125 an incredibly cost-effective way to offer rich benefits to your team. Unlike traditional healthcare plans that often come with high premiums, Harmoni125 allows employers to enjoy the benefits of a health plan section 125 without any of the usual downsides.
The Bottom Line: More Benefits, Less Cost
As an employer, offering health benefit plan coverage that benefits both your employees and your company doesn’t have to come with a hefty price tag. Harmoni125 is the perfect solution that combines a health plan section 125 with SIMRP and PCMP to create a tax-advantaged and cost-efficient health benefits program. It’s a smart, simple way to provide your employees with great healthcare while lowering your bottom-line expenses.
Ready to Learn More?
If you’re ready to offer more benefits while spending less, it’s time to explore Harmoni125. Book a free 10-minute consultation to see how this health benefit plan coverage can work for your business and employees.
