High value benefits for employees. Bigger profits for employers.
Click on the Get Pre-Qualified button to answer a short questionnaire and schedule your 15-Minute free consultation.
Have your free 1-on-1 Consultation with a BizPower Specialist. Get your questions answered with no obligation.
We collect your basic payroll information provide you with your personalized tax savings and benefits proposal.
Enroll and begin seeing the savings immediately. Our experts will handle every step to ensure perfect implementation.
To learn more about the program, we invite you to watch these educational videos. If you are interested in furthering the conversation, click on the "Get Pre-Qualified" link.
Only include W-2 employees. Do not include seasonal employees.
A Comparison
What is the biggest difference in your plan vs others?
Most other programs are structured with a fixed indemnity product as their wellness plan, which the IRS has deemed taxable. These plans do not follow the guidelines outlined in IRS Memo 201703013.
Our program is fundamentally different. We do not utilize a fixed indemnity product. Instead, we seamlessly integrate a wellness plan with a medical plan, ensuring full compliance with IRS regulations and providing significant benefits to both employees and employers.
When it comes to HIPAA & ADA compliance, does your plan differ from the others?
Many programs include an underwritten insurance plan or fixed indemnity within the program which could negate their compliance. This can also lead to selection bias and/or discrimination.
Achieving a specific health-related goal is never required in our program and our enrollment process never requires us to intrude into employee medical records. This also prevents discriminations among employees.
When it comes to how the employee allotment from tax savings is used, how does BizPower Benefits differ from other plans ? Why does it matter?
Many programs require that employees complete specific activities to maintain their eligibility, which can invalidate the pre-tax savings. In the case of fixed indemnity plans, using tax savings to purchase insurance is non-compliant.
Our program is participation-based and does not require specific activities for continued eligibility. Participation is measured through points earned annually. According to the tax code, the tax savings must be reduced to a 'de minimis' amount. BizPower Benefits does not utilize fixed indemnity products. The employee allotment is used to purchase new supplemental benefits, without reducing the employees take-home pay.
How does the design and
structure of
BizPower
Benefits differ from others?
Many programs are non-compliant because they fail to include one of the three required documents. These documents are a wellness plan, a medical plan, and a SIMRP.
Our program integrates a wellness plan and a medical plan with our SIMRP to fulfill the document requirements and maintain compliance.
What happens if an employee
changes their
withholdings or
has a change in pay?
Some plans never reassess the employee data, causing various, and in some cases highly expensive errors.
We regularly reasses the employee data and make changes accordingly
All of the IRS memos and articles refer to "fixed indmenity plans" and how they are non-compliant. How is yours different?
A wellness program that incorporates a fixed indemnity plan may be non-compliant because it attempts to generate tax savings from one insurance product to fund the purchase of other insurance products, which can result in "double-dipping.
Our program does not include a fixed indemnity plan. There is no "double-dip."
Is the program considered a qualified
healthcare program as required?
Most programs do not include qualified healthcare, therefore they do not qualify as an employee health plan according to the Department of Labor.
Our program qualifies as an employee benefit and welfare program (a health plan) in that it not only provides a Health Risk Assessment (HRA) and Health Risk Profile (HRP), it provides personalized qualifying healthcare based on that individual’s risk. Specific personalized care is a key component of our program.
Are there any specific actions my employees need to take to ensure they remain compliant within the program?
Many programs require the employee to perform a specific activity each month, thus negating the pretax savings. Many of the IRS memos and articles focus on these activity-based plans where specific activities trigger reimbursement.
We use a participation-based program that does not rely on any specific activity to remain eligible. Rather, our model is calculated in points earned annually. If the employee does not participate or fails to achieve their points in a plan year, all or a portion of the benefit is taxable. We provide resources that make achieving the point requirements simple and easy.
At BizPower360, we recognized the need for a solution that not only boosts company profits but also enhances the well-being of employees. We believe that the key to a thriving business lies in the satisfaction and security of its workforce. That’s why we created BizPower Benefits—a revolutionary program designed to deliver real value to both employers and employees.
With BizPower Benefits, companies can unlock significant savings on payroll taxes, which directly contributes to a healthier bottom line. But what truly sets our program apart is its focus on employees. We’re committed to providing your team with enhanced benefits—without reducing their take-home pay. This means more comprehensive coverage, access to valuable resources, and greater peace of mind for your employees, all while fostering increased satisfaction and loyalty.
BizPower360 is your comprehensive business solutions partner, dedicated to helping you maximize profitability, enhance employee satisfaction, and streamline your operations. Whether it's implementing the ideal CRM system, boosting your bottom line through tax savings, or refining your sales processes, BizPower360 empowers you to achieve more with less effort. Our mission is to provide the tools and strategies you need to drive success across every aspect of your business.
At BizPower Benefits, our vision is to revolutionize the way businesses approach employee wellness and financial efficiency. We are committed to empowering companies with innovative solutions that enhance employee satisfaction while driving significant savings. By seamlessly integrating wellness, compliance, and cost-saving strategies, we aim to create a future where businesses thrive and employees feel valued, healthy, and secure. Our ultimate goal is to set a new standard for employee benefits that aligns prosperity with well-being, ensuring long-term success for both employers and their teams.
Get more acquainted with the program in our Education section. Click the link below.
Our payroll tax savings service is designed to help companies save money on payroll taxes, without reducing employee benefits or take-home pay. We work with our clients to identify areas where savings can be made and provide tailored solutions that meet their unique needs.
In addition to payroll tax savings, we also help companies improve their employee benefits programs. By offering more to employees, companies can improve satisfaction and retention, while also attracting top talent.
Navigating payroll tax regulations can be challenging for companies. Our compliance services ensure your business stays current with the latest regulations, helping you avoid costly penalties and maintain peace of mind.
Our consulting services provide companies with the expertise they need to make informed decisions about their payroll tax and employee benefits programs. We work closely with our clients to understand their unique needs and provide tailored solutions.
We provide comprehensive, step-by-step guidance. Our program is tailored to simplify the process while delivering valuable insights, ensuring your company remains informed and compliant with the latest regulations.
Take a short quiz to determine if you are eligible.
Our consultants work closely with top benefit providers and payroll tax experts to offer our clients the highest level of professional guidance. Many companies are unfamiliar with the tax benefits for which they may qualify. Our team has years of experience in helping clients navigate and access these programs. We make the process simple and easy to understand.
We understand that every company is unique, which is why we provide tailored solutions that meet our clients' specific needs.
We are committed to staying up-to-date with the latest payroll tax and employee benefits trends and innovations, so that we can provide our clients with the best possible solutions.
Get Answers to some of our most common questions.
My company already carries insurance for our employees. Does BizPower Benefits replace my current health insurance?
No. Our goal is not to replace your current insurance. BizPower Benefits offers fantastic benefits that can accompany the benefits you already offer your employees.
