Employee Wellness Program Cuts Payroll Taxes & Boosts Take-Home Pay
The Floridant/10345607

ORLANDO, Fla. - Floridant -- Sherwin & Associates is expanding access to an innovative employee wellness program designed to help employers strengthen preventive care benefits while potentially reducing payroll tax costs and increasing employees' take-home pay.
When properly structured and implemented in accordance with applicable federal tax and benefits requirements, the program can create financial efficiencies for both employers and participating employees while complementing existing health insurance coverage.

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The program is particularly suited for school districts, municipalities, hospitals, nonprofits, unions, and private employers seeking ways to improve employee benefits without simply increasing payroll or benefit costs.
Key potential benefits include:

• Employer payroll tax savings
• Increased employee take-home pay
• Preventive health and wellness benefits
• Employee health education and engagement
• Integration alongside existing health benefits
• Minimal disruption to existing payroll and benefits
• Potential financial benefits without requiring employers to replace their current health insurance plan