What Tax Codes Allow a SIMERP Tax Plan to Function?

1. IRC Section 125 (Cafeteria) - Pretax employer-sponsored benefit plan
2. IRC Section 105(b) SIMERP - After tax reimbursement offsets the pretax deduction on your employees' paychecks.
3. IRC Section 213(d) Medical Expense - Allowed as a deduction for expenses paid for medical care of the taxpayer, spouse, or dependent(s). Medical Care is defined as “for the diagnosis, cure, mitigation, treatment, or prevention of disease, or for the purpose of affecting any structure or function of the body.”

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Additional Company Savings

  • SIMERP plans result in corporate tax savings that average more than $300 per employee per year.
  • SIMERP plans can reduce Major Medical Insurance cost due to a decrease in utilization of Major Medical Insurance.
  • Payroll reductions may reduce workers compensation insurance


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SIMERP - Self-Insured Medical Reimbursement Plan

A supplemental plan that reimburses employees for eligible out-of-pocket medical expenses using pre-tax dollars.

  • Employees submit eligible claims through a quick, paperless process. Approved claims are reimbursed directly. Eases employees’ out-of-pocket burden, provides tax savings, and helps employers retain talent without raising core insurance premiums. Eligible expenses include copays, deductibles, prescriptions, and other qualified out-of-pocket healthcare costs
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Our Commitment

We‘re here to work closely with you to encourage the fullest utilization of these benefits. We invite you to join us in making the most of these resources and services. Together we can create a healthier and happier workplace for all of us!

Get help choosing the right protection plan by calling (904) 720-4157 today.