Every employer-sponsored ESPA is built on two seperate medical benefits: an Employer-Sponsored Medical Benefit that eligible employees may elect through your Section 125 cafeteria plan, and a seperately employer-funded SElf-Insured Medical Reimbursement Plan (SIMRP). We assist in the creation of the plan documents, configured for your specific payroll structure and workforce.
New-hire enrollment, employee data changes, and offboarding flow through the employer portal. SEction 125 elections and approved SIMRP benefit determinations are coordinated with teh employer’s existing payroll process.
Enrollment, SEction 125 elections, and reporting are coordinated between systems.
Section 125 elections and approved SIMRP benefit determinations coordinated wiht your existing payroll cycle as sperate transactions.
The right technology should reduce work, not create more of it. BizPower Benefits is designed to simplify administration while giving employers the visibility and control they need to manage the ESPA effectively.
“Based on our experience, I have no hesitation in recommending BizPower as a trusted and reputable company. I am confident they will continue to deliver high standards of service and product excellence to any organization they work with…”
“I’m writing to share my strong recommendation for the SIMRP and the outstanding team behind it. As the CEO of a multi-facility hospital group, I approach any new benefit offering with a healthy level of scrutiny, especially when it involves integration with our payroll systems and touches every level of our workforce. That said, implementing the SIMRP program has been one of the smoothest and most well-received benefits initiatives we’ve launched.”
“For a team our size, the ESPA was a meaningful differentiator in recruiting.”
