Provide your team with access to 30+ benefits at no out-of-pocket cost, while saving your company $600-$800 per employee per year.
BetterCarePlus specializes in maximizing tax savings for businesses while elevating the quality of employee benefits. With extensive experience in employee benefits, tax law, and Section 125 plan implementation, we have helped countless businesses simplify their benefits administration and enhance their offerings.
Our goal is to make pre-tax benefits accessible and straightforward, ensuring complete compliance with IRS standards. We understand business complexities and provide a seamless solution that saves money for both you and your team.
Zero Upfront Cost: BetterCarePlus’s fully-funded Section 125 plan is available with no upfront cost to your business, making it a practical choice for companies aiming to reduce tax liabilities while expanding benefits.
Enacted by the IRS in 1978, Section 125 allows employees to use pre-tax income for designated healthcare expenses. This reduces their taxable income and lowers your company’s FICA tax costs, benefiting both employees and the company.
Employees can save approximately $724 annually by enrolling in a Section 125 plan, adding directly to their take-home pay.
On average, businesses save $600-$800 annually in FICA taxes per employee.
We run a test payroll to find employees who qualify for pre-tax benefits, helping them enjoy added net income.
Our platform allows quick, easy enrollment, helping employees choose the best benefits for them.
Once employees are set up, you'll save on payroll taxes, and they enjoy more take-home pay with pre-tax benefits.
A Section 125 plan offers employees the ability to cover qualified expenses like healthcare and dependent care with pre-tax income, reducing taxable income. Meanwhile, your business benefits from reduced payroll taxes, making this a smart choice for everyone involved.
Businesses benefit from reduced payroll taxes, including FICA, by decreasing the taxable income of employees. These savings add up over time.
Employees increase their net income by paying for eligible benefits with pre-tax dollars, enjoying more take-home pay without needing a salary increase
Our platform takes the hassle out of managing a Section 125 plan. We handle all paperwork, compliance, and reporting so you can focus on your business.
Our plans offer flexibility, from health insurance premiums and dependent care assistance to other flexible spending accounts, tailored to meet diverse needs. Icon: Flexible arrows or settings
BetterCarePlus offers more than standard benefits, providing employees with an inclusive benefits package to support both health and financial well-being. Our Section 125 plan offers:
BetterCarePlus’s Section 125 plan is an add-on to your current healthcare program, boosting your benefits offering with preventive services and telemedicine, making it easier for employees to stay healthy and focused.
Compliance is central to BetterCarePlus. Our Section 125 plan, backed by two major insurance providers, is approved in all 50 states and adheres strictly to IRS, ACA, and HIPAA standards. We handle regulatory details, letting you focus on your business.
A Section 125 plan, or cafeteria plan, allows employees to pay for certain health benefits with pre-tax dollars, reducing taxable income and providing more take-home pay while employers save on payroll taxes.
No, our plan complements existing health coverage, allowing employees to keep their current plan while accessing additional benefits like telemedicine and wellness screenings.
Employees can access telemedicine, DNA and biometric screenings, hospitalization indemnity, generic prescriptions, a health dashboard, EAP services, and more.
Yes, our plan is fully IRS-compliant and approved in all 50 states, ensuring regulatory adherence and peace of mind.
On average, employers save $600-$800 per employee per year on payroll taxes. For a company with 100 employees, this translates to about $60,000 annually.
Enrollment is simple and integrates with over 50 payroll providers, supported by our dedicated customer service team.
No, major medical insurance is not required. Employees can still access valuable benefits without enrolling in a major medical plan.
Ready to discover your potential savings with BetterCarePlus’s Section 125 plan? Request a personalized proposal today and see how our solution can be implemented effortlessly within 60-90 days, with no out-of-pocket costs and full compatibility with your current plans.
Or email us at contact@bettercareplus.org to speak with a BetterCarePlus representative!
© 2024 Renaissance All Rights Reserved.
