vipco acl phmp overview non-mec 7-8-16
Post on 13-Apr-2017
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A Proactive Health Management Plan(PHMP)
NO NET COST to Employer through significant TAX SAVINGSAverage Savings is $200 per Employee Annually
Most Employees & their Family gain access to the BenefitsWith NO REDUCTION in their NET PAY
A Charitable Life Health Solutions• A Charitable Life Health Solutions (ACLHS) prides itself in creating the most unique
products to improve workforce health while assisting businesses with ACA compliance.
• The Proactive Health Management Plan (PHMP) is a voluntary limited medical plan designed to provide preventative, diagnostic, and maintenance services for all employees.
• By providing the PHMP to employees, businesses enjoy a healthier workforce, greater employee retention and less time away from work.
• The PHMP begins with the election of a section 125 (cafeteria plan) which reduces taxable income creating payroll tax savings for employers and employees.
• Utilization of the services provided through the PHMP qualifies participants with a fixed benefit payment.
ACA Compliance—Healthy Employees—Increased Productivity
PHMP is designed with the 5 following objectives
State of the art tracking, reporting and documentation to support the fundamental metrics of the plan. The actuarial accumulation of data to show future potential reduction in healthcare costs.
Metrics
The PHMP is ERISA, and HIPPA compliant.Compliant
IRS tax codes along with a limited medical plan create tax savings. There are no additional costs to the employer or employee.Tax Savings
Generate immediate current and long term sustainable savings to the employer.
Net IncomeIncrease
A companion to an employer’s existing benefits package. It is not a replacement or substitution for any existing health insurance or any employer wellness plan.
Companion
Key Benefits of the PHMP Include:
Health Risk Assessment Available on the Plan Effective Date The Proactive Health Management Plan (PHMP) begins with an assessment of a participant’s health, and a determination of what aspects of an employees well being require attention. Risk factors affect everyone differently. PHMP uses the collected data to customize the program to each employees needs.
ACL Health Solutions Modern Care Plans Available 45 days after Plan Effective Date ACL Health Solutions Modern Care Plans provide access to top quality, cost effective medical care and health care savings where ever and when ever you need it.
Personal Training and Exercise Programs Available on the Plan Effective Date PHMP Certified Trainers understand the need and importance of an initial client screening and assessment. They will specifically design training and exercise programs addressing the needs and goals of each employee. Encouragement and follow-up is an important aspect of monitoring their progress.
Nutritionists Available on the Plan Effective Date PHMP Certified Nutritionists are experts in the field of food and nutrition. They may provide dietary plans specific to each employee promoting a healthier lifestyle or achieve a specific health-related goal.
Biometric Screening Available 3 Months (90 days) After Plan Effective Date Bio-metric Screening can identify risk factors including diabetic and cardiovascular disease up to ten years before full onset. Baseline data and analytics assist our health management coaches to provide customized plans for each employee.DNA Screening Available 9 Months After Plan Effective Date Knowing you have a mutation in one of the 19 genes analyzed —including BRCA1 and BRCA2 —enables you to work with your healthcare provider to create a personalized plan designed to prevent or detect breast and ovarian cancer at an earlier or more treatable stage.Mammograms Available 1 Year After Plan Effective Date Regular mammograms can often help find breast cancer at an early stage, when treatment is most likely to be successful.Prostate Available 1 Year After Plan Effective Date Prostate cancer screening can help identify cancer early on, when treatment is most effective. And a normal PSA test, combined with a digital rectal exam, can help reassure you that it’s unlikely you have prostate cancer.
Short & Long Term Results of the PHMP
3 Key Employer Benefits: Immediate Tax Savings: Average net savings of $200 per employee annually
Control long-term employer healthcare costs. (Data shows preventative care actions should translate into lower future premiums)
Control short-term savings.
Each telemedicine call eliminates employer and employee healthcare costs
The PHMP pays for 100% of the costs for the preventative care procedures, no longer paid by the employer plan or in self funded companies, 100% reducing those expenditures
Employee has an Opportunity to Participate in a Proactive Health Management Plan (PHMP): In most cases there is no reduction in an employee’s take-home income and may produce an increase
Access to necessary healthcare screenings and other services and “NO” cost. (no co-pays)
EMPLOYEE BENEFIT
Gross Income
=$4,000
Taxable Income
=$3,400
Taxes=$872.10
NET Pay=$2,527.90+ $ 545.00
=$3,072.90
Employee Pay After
ACLHS
Difference=
$98.90Additional Take
Home Pay
Single Employee Section 125 Deduction
$600.00
Add in ACLHS Limited
Medical Benefit
$545.00
Minus ACLHS
Employee Fee
-$55.00
ADD
Employee’s Monthly Pay After ACLHS:
Minus
Gross Income=$4,000
Taxable Income=$4,000
Taxes=$1,026.00
Take Home Pay=
$2,974
Employee Pay Before
ACLHS
Employee’s Monthly Pay Before ACLHS:
*Filing as Single• Federal Income Tax @ 18%• Social Security @ 6.2%• Medicare @ 1.45%
$98.90 Additional MonthlyTake Home Pay for Employee
PHMP Employee Cash Flow
Employee’s Taxable Income$4,000
Employer’s FICA Tax Obligation
7.65%
Employer Pays$306.00
Employer Pays$260.10
Monthly Employer Savings
$45.90
Annual Employer Savings
$550.80
Annual Employer Fee
$29/mo. X 12=$348
Net Annual Employer Savings
$202.80
Employee’s Taxable Income
$4,000-$600 =$3,400
Employer’s FICA Tax Obligation
7.65%
Before ACLHS After ACLHS
PHMP Employer Savings Cash FlowEmployee Filing Single
We are proud to partner with Methodist Specialty and Transplant Hospital San Antonio to provide an assistance program for donors and recipients in need, as well as, an awareness education program to show individuals the existing need for organ donation today, allowing anyone to BE THE GOOD by volunteering to be a living organ donor.
Gary Martinez719 948-7828
GaryMartinez@myvipco.com
Methodist Healthcare and the Texas Transplant Institute recognized ACL as an endorsed partner in June of 2014
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