At No Net Cost to Employees
Give Every Employee Better Healthcare. Designed for No Net Out-of-Pocket Cost.
Our partners enroll your team in a wellness program designed for compliance with applicable IRC Sections 105 and 125 that reduces their taxable income and gives them virtual care at no net cost.
- No upfront investment
- No changes to your health plan
- Designed for compliance with applicable IRC Sections 105 and 125
- Turnkey administration
- Up to ~$639Estimated annual FICA tax savings per eligible employee, subject to payroll and eligibility
- No upfrontinvestment, with immediate cash flow improvement
- No changesrequired to your existing health insurance plan
- Turnkeyadministration: our partners handle payroll integration and employee communications
The 2027 Cost Wave
A Wave of New Costs Is Hitting California Businesses in 2027
Minimum wage, health insurance, new state taxes, workers' comp — they're all rising at once, and most owners haven't run the numbers to see what it adds up to. Enter your details below and we'll calculate your business's exact 2027 exposure, using verified 2026–2027 rates.
Minimum Wage Rises Again
California's minimum wage steps up to $17.40/hr on January 1, 2027 — a direct hit to payroll for every hourly employee, compounding every pay period.
Health Insurance Renewals Are Climbing
Group health premiums are trending 5% to 9% higher at renewal — on top of whatever your business is already paying, with no sign of slowing.
New Taxes and Rising Overhead
A new CA sales tax on software and SaaS spend takes effect January 1, 2027, and workers' comp premiums are already up 6.6% — costs stacking on costs.
Get Started Today
See Your Exact 2027 Number — No Obligation
Enter your numbers below and unlock your business's exact cost breakdown — then see how much a program designed for no net out-of-pocket cost and for compliance with applicable IRC Sections 105 and 125 can hand back to you and your team.
- Personalized savings calculation based on your actual employee count
- Full explanation of the SIMERP program and its design for compliance with applicable IRC Sections 105 and 125
- Clear timeline from enrollment to first savings
The savings calculator needs JavaScript. To get your numbers, call (661) 477-4495 or email qualify@providenttr.com.
Your 2027 cost exposure
Locked- FUTA (federal unemployment tax) up to $413$0
- SB 122 software / SaaS tax new$0
- Workers' comp increase +6.6%$0
- Health insurance renewal +5–9%$0
- Minimum-wage increase $16.90→$17.40$0
Prefer to talk it through? Call (661) 477-4495 or email qualify@providenttr.com.
The Solution
How Does the SIMERP Program Work?
Our partners enroll your business in a Self-Insured Medical Expense Reimbursement Plan (SIMERP) — a program designed for compliance with applicable IRC Sections 105 and 125 that simultaneously reduces your payroll tax burden and delivers real wellness benefits to your team.
- 01
Savings Analysis
We run a no-obligation analysis of your payroll to calculate your exact FICA tax savings based on your employee count.
- 02
Employee Enrollment
Your employees voluntarily enroll, through our partners, in a wellness program designed for compliance with applicable IRC Sections 105 and 125. No changes to your existing health plan.
- 03
Payroll Integration
Pre-tax deductions are applied automatically, reducing taxable income and your FICA liability simultaneously.
- 04
Savings + Wellness
Your business saves on FICA taxes. Employees gain convenient access to a comprehensive, easy-to-use virtual care platform — primary care, mental health, pharmacy.
What You Get
A Win for Your Business. A Win for Your Employees.
The SIMERP program, through our partners, delivers measurable value to every party involved — designed for no net out-of-pocket cost to the business and at no net cost to its employees.
For Business Owners
- Estimated FICA tax savings of up to ~$639 per eligible employee per year, subject to payroll and eligibility
- Immediate cash flow improvement with no upfront investment
- No changes required to your existing health insurance plan
- Designed for compliance with applicable IRC Sections 105 and 125 — audit-ready documentation provided
- Turnkey administration — our partners handle payroll integration and employee communications
- Improve employee retention and become a more competitive employer
For Employees
- Reduced taxable income with the potential for increased take-home pay, at no net cost
- Convenient access to a comprehensive, easy-to-use virtual care platform
- Primary care, urgent care, and mental health therapy via telehealth
- Prescription pharmacy services and weight health programs
- 24/7 on-demand access — no copays, no deductibles
- Healthcare support when and where you need it
Federal Compliance
Check the box on mental health compliance. Our partners enroll your employees in a federally compliant wellness program that satisfies mental health parity requirements — and it is designed for no net out-of-pocket cost to your business.
Powered By
- Virtual Care Platform
- IRC Sections 105 & 125
Common Questions
Frequently Asked Questions
How does the program lower my taxable payroll?
The SIMERP program through our partners is structured so that the FICA tax savings your business generates covers the cost of the program. In most cases, businesses save significantly more than the program costs — resulting in a net positive cash flow from day one.
Is the program designed for compliance with IRC Sections 105 and 125? Could it trigger an audit?
The SIMERP program is built on IRC Sections 105 and 125, which are well-established, legal frameworks for employer-sponsored wellness and medical reimbursement plans. Our partners provide full documentation and audit-ready compliance materials. The program is designed to withstand IRS scrutiny.
Do I need to change my existing health insurance plan?
No. The SIMERP program works alongside your existing health insurance plan. Employees must have Minimum Essential Coverage (MEC) or a Qualified Health Plan (QHP) — which they likely already have — but you do not need to change, cancel, or modify your current coverage.
What wellness benefits do employees actually receive?
Employees receive access to a comprehensive virtual care platform including primary care, urgent care, mental health therapy, prescription pharmacy services, and weight health programs. All services are available on-demand, 24/7, across all 50 states, with no copays or deductibles.
How long does it take to set up?
The enrollment and setup process is typically completed within 2–4 weeks. Our partners handle all payroll integration and employee communications. Most businesses see their first FICA tax savings within the first or second payroll cycle after enrollment.
What is the minimum number of employees required?
The program is most effective for businesses with 15 or more W-2 employees. However, we can run an analysis for businesses of any size to determine if the program makes financial sense for your specific situation.
Are employees required to participate?
No. Employee participation is completely voluntary. However, the more employees who enroll, the greater the FICA tax savings for the business. In practice, enrollment rates are typically very high because the program is at no net cost to employees and gives them valuable benefits.
How Can I Reach Provident Tax Relief?
Call or email us, or run the savings calculator above to see your numbers first.