For nearly 50 years, employers have utilized health insurance and deferred compensation programs to reduce payroll taxes and free up dollars. The VIPCO@WORK FICA TAX SAVINGS PROGRAM combines that principle with the latest developments in preventative care tax benefits to provide additional savings for employers and increased benefits for their employees. All of this can and will be accomplishedwithout affecting the employee's net take home pay or adding cost to the company's bottom line.
The Affordable Care Act (ACA) provides tax incentives for both employers and employees to participate in a compliant preventative care program. It is the position of Congress, that education plus participation in an approved, compliant, nondiscriminatory, preventative care program will lead to a reduction in the nation's overall healthcare costs. In 2014, Congress approved a change to the tax code which redefines participation in a compliant preventative care program as a "Health Care Plan" and makes employees eligible for a "Medical Expense Reimbursement.”
Please watch a short video to learn about this program at: