Increase Benefits and Improve Net Profit with Smartflex™
A Win-Win for Employer and Employees!
Now more than ever, organizations are evolving how they do business — finding fresh ways to improve their bottom-line.
Leveraging their employees, and their need for benefits, is a smart step toward improving net profit. Smartflex™ provides an employee-funded plan that typically quadruples the employee's benefits – without reducing the employee's take-home pay.
The plan uses a medical premium reimbursement, funded by Smartflex, to provide all the plan benefits without a direct cost to the employee.
The company reduces expenses via the tax savings created by the plan – through lower FICA and less unemployment and disability costs. For retention purposes, the employer can add the reimbursement as part of the employee's benefit package, boosting employer contribution up to $14,400 per enrolled employee annually .
It's a win-win for both the employer and employee!
- 50 Employees -
Employer Annual FICA Savings: $55,050
Annual Employee Flex Allowance: $150,000
Value Added to Employer Plan: $570,000
Impact to Employee Take-Home Pay: $0
For illustration purposes only.
My wife was diagnosed with cancer not long after we joined Smartflex. We just received our check for $20,000 for our cancer claim. It will really help with our medical bills .
We have a vision plan at work, but I only get one pair of glasses a year. I use my Smartflex card for my contacts and sunglasses – and saved $600.
I fell riding my bike and tore my rotator cuff. I was so glad I had joined Smartflex because I got a check from Allstate for $3600!
I use Teladoc all the time through the Smartflex app. It sure beats going to the doctor's office. Works really well at saving me time – and it's free!
Employees have a separate website for pre and post enrollment information. This site is used for all pre-marketing to the employees.
Once the employee is enrolled, they will also have access to a company benefit page on this website. The company benefit page includes brochures and claim forms for all the insurance and benefit products offered through Smartflex. A valid employee email address is required to access the benefit page.
What's a MERP and why aren't you using one?