Discover the Advantages of FICA SAVE with Section 125 Advisors

What is FICA SAVE?
FICA SAVE, presented by Section 125 Advisors, is a revolutionary Preventative Disease and Health Management Program. This program offers substantial benefits at no net cost to both employers and employees. It enhances your existing benefits without disrupting your current insurance plans.

How Does FICA SAVE Work?
FICA SAVE, aligning with the objectives of the Affordable Care Act of 2012, harnesses the potential of Section 125. This law, established in 1978, permits pre-taxing of health insurance premiums and other related expenses. This unique combination allows the program to provide unparalleled benefits.

Exclusive Benefits of Joining FICA SAVE

• For Employees:
  • Access to a comprehensive Hospital Indemnity Plan.
  • A notable increase in take-home pay.
• For Employees and Their Families:
  • Unlimited access to Virtual Care services, including Primary Care, Urgent Care, Behavioral Health, and Dermatology.
  • Health Risk Assessments and Metabolic Testing.
  • A Free Rx Program with over 2,900 prescriptions.
  • Extensive Savings Network covering Dental, Vision, Hearing, and more.
• For Employers:
  • A valuable tool for Recruitment and Retention.
  • Significant FICA Tax Savings, averaging $700 per employee annually.

Who Can Benefit from FICA SAVE?
FICA SAVE is inclusive. Whether full-time, part-time, seasonal, or in any other employment status, employees can qualify. The criteria are based on wages and tax deductions, with a minimum predicted income requirement. Eligibility is confirmed by our proprietary tax analyzer, which ensures an increase in take-home pay for qualified employees.

Simplified Enrollment Process
Enrolling in FICA SAVE is streamlined. Integrated with payroll systems, it minimizes administrative burdens. The program operates on an Auto-Enrollment Basis, assigning employees to suitable plans. Opt-out options are available, ensuring flexibility and choice.

Enhancing Employee Income
FICA SAVE adds two new elements to paychecks: the pre-tax premium and the claims payment. This combination typically results in a net positive effect on take-home pay. Participation in health management activities, such as receiving Health Coaching Newsletters, triggers the claims payment.

Employers’ FICA Tax Savings Explained
Employers benefit as the reduction in employees’ taxable income lowers their FICA tax contribution. The employer still pays their standard 7.65% contribution, but on a reduced taxable income base.

Funding the FICA SAVE Program
The program is self-funded through the tax savings it generates for both employees and employers. There’s no upfront cost; expenses are covered by realized tax savings.

Roll-out Process
FICA SAVE involves a comprehensive internal education process for both employees and employers, ensuring smooth implementation and maximum benefit.