The SIMRP: An Advantage For Employers And Employees

By: Ali Elizabeth Turner

Years ago, the concept that changing one’s lifestyle and choosing to build health from “womb to tomb” made sound economic sense began to take root throughout our country. Few would argue the need to make progress in that regard here in Alabama the Beautiful. To that end, Legacy Heritage Capital, LLC was formed as a way to make it possible for employers to bless their employees with outstanding supplemental health care, and for employees to be able to keep more of their take home pay.

I spoke with the some of the LH Capital team, and encountered a high level of professionalism, an ability to educate, and a driving compassion to help people; all without leaving me feeling bewildered or patronized. In this article, I would like to pass that experience on to the readers of Athens Now, and my fond hope is that you will consider them if you are looking for benefits options, either as a business owner or an employee.

Legacy Heritage Capital is a company that helps businesses utilize what is known as a SIMRP, which is:

A well-structured SIMRP stands as a powerful tool for employers seeking to provide comprehensive benefits to their workforce while maintaining cost efficiency. A SIMRP is an ADA, ERISA, HIPAA, and IRS compliant employee benefit intended to create a tax and healthcare cost savings for employers and employees alike.

Congress understands that embracing wellness takes some of the strain off the healthcare system. The SIMRP empowers employers as well as employees to take control of their physical, emotional, and financial health, all without personal cost to themselves or their business.

The tax incentives are substantial for both employers and employees. Implementing the SIMRP allows for employers to save $550 per year per employee on FICA costs, and employees an average of $150/month toward supplemental benefits, including:

· Whole life with long-term care

· Chronic illness care

· Cancer care

· Disability

The Wellness program includes a 24/7 telehealth program available for the whole family, with no co-pays. To strengthen the resolve to “take healthy back,” there is health coaching and weight loss coaching. Sometimes part of building wellness is emotional, and couples’ counseling is available in the privacy of one’s own home.

Stress reduction is a part of a robust wellness program, and these days in particular, financial counseling that is available as part of the benefits package can help reduce stress. There are tools for work-life balance and legal help available; again at no cost to the employer or the employee.

Another strain on our healthcare system is the fall-out that is the result of addiction and other mental/emotional health challenges. The National Institutes of Health state that

Mental health and substance abuse cost US businesses between $80 and $100 billion annually. Serious mental illness costs America up to $193.2 billion in lost earnings per year. Depression is thought to count for up to 400 million lost work days annually.

The SIMRP Wellness program offers a virtual recovery program, and all programs are HIPPA-compliant.

What if you get injured, either on or off the job and can’t work for a while? The available supplemental benefits can offer a plan that will pay 60% of the employee’s wage.

The supplemental program essentially comes alongside a major carrier like Blue Cross or Blue Shield, to fit seamlessly with existing benefits. LH Capital will craft a plan that works for your people and you.

The people at LH Capital have carved out lives that show me that they genuinely care about people and want to help. One has been involved in foster care and adoption. Another is very involved in the youth group at his church. They have years of experience in the insurance industry, and are waiting to help you build a healthy life while keeping your bottom line healthy. To learn more about the SIMRP and LH Capital, visit www.thesimrp.com today and schedule a no-obligation appointment. I can say that they will assess your needs professionally, and then craft a wellness plan that will empower you to be your best.

By: Ali Elizabeth Turner