SIMRP Savings Calculator | Estimate Payroll Tax Savings

Cut employer payroll taxes by up to $590 per employee, every year

A properly structured SIMRP works alongside your existing health coverage to lower employer FICA costs, add no-copay wellness benefits, and increase employee take-home pay, without added out-of-pocket expense.

Built for business owners with 15+ employees, school districts, colleges, private schools, cities, counties, and state agencies, and the CFOs and finance directors who run their budgets.

Why finance leaders are taking a look

Up to $590 per participating employee per year

Based on current Plan projections, qualifying employers may save up to $590 per participating employee annually.

Lower FICA, same health plan

The Plan works alongside existing health coverage. Reduced taxable wages may lower the employer's FICA obligations.

Higher take-home pay for staff

Eligible employees may see increased take-home pay through the Plan's coordinated payroll and reimbursement process.

No-copay benefits for families

Employees and eligible dependents get 24/7 telehealth, mental health support, prescription drug benefits, and preventive wellness resources, including programs from Mayo Clinic.

No minimum number of employees

Organizations of any size, from small businesses to large school districts and public-sector entities, can run the free payroll census to see if they qualify.

Schools can fund scholarships

Participating districts can redirect tax savings into employee wellness, take-home pay, and student scholarships, at no direct cost to the district.

Savings calculator

Get a quick estimate in seconds. Then book a call for a free payroll census built on your real numbers.

Estimate your annual savings

Answer a few questions to see an estimate for your organization.

State Organization type Number of full-time W-2 employees Do your employees have health coverage from any source (your plan, a spouse or parent, their own plan, TRICARE, state programs)? Organization nameYour nameEmail

Enter your details to see an estimate.

Estimate, not guaranteed. This is an estimate based on an assumption of 100% participation. Actual numbers will depend on the results of your free, no-obligation payroll census.

Book a call for your free payroll census

A take-home pay raise for your employees, without a bigger payroll budget

A SIMRP is set up under federally recognized tax codes. Participating employees fund part of the plan with pre-tax dollars and receive wellness benefits and reimbursements, so many see more money in each paycheck. The employer pays less in payroll taxes at the same time.

1. Free payroll censusWe review your payroll to confirm eligibility and project savings for your organization.

2. Plan designThe plan works alongside your employees' compliant health coverage from any source. Nothing is taken away.

3. Employees enrollParticipants get no-copay wellness benefits, including Mayo Clinic resources and Lōvu.

4. Savings startLower employer FICA costs, and more take-home pay for participating employees.

Individual take-home pay results vary with each employee's pay and tax situation and are confirmed in the free payroll census.

Common questions

What does the savings estimate assume?

The estimate assumes 100% participation of eligible full-time W-2 employees. Actual numbers depend on a free, no-obligation payroll census. It is an estimate, not guaranteed.

Do we have to offer health insurance to qualify?

No. Your organization does not have to offer health insurance. Eligibility is per employee: each participating employee needs compliant health coverage from any source, such as a spouse's plan, a parent's plan, their own paid coverage, TRICARE, state subsidies or some Medicaid. Coverage paid for with federal health insurance subsidies (a federally subsidized marketplace plan) is not compliant, and employees with no coverage are not eligible, because a SIMRP uses federal tax savings to reward compliant coverage. If 5 or more employees need coverage, SIMRP can provide minimum essential coverage funded by those employees' tax savings, and then they qualify. A free payroll census confirms who is eligible.

Is there a minimum number of employees?

No. There is no minimum number of employees. Organizations of any size can run the free, no-obligation payroll census to see if they qualify.

Which employees are eligible?

Any participating full-time W-2 employee with compliant health coverage from any source qualifies, whether or not the employer offers a plan. Employees on federally subsidized marketplace coverage or with no coverage are not eligible on their own, but a group of 5 or more who need coverage can get minimum essential coverage through SIMRP, funded by their tax savings.

Does a SIMRP replace our current health plan?

No. A SIMRP works alongside the compliant health coverage your employees already have, whether that comes from your organization or another source.

What does the payroll census cost?

Nothing. The payroll census is free and comes with no obligation.