Self-Insured Medical Expense Reimbursement Plan
Self-Insured Medical Expense Reimbursement Program (SIMERP)
Features of Self-Insured Medical Expense Reimbursement Program (SIMERP)
EMPLOYER FEATURES
- Reduce payroll taxes by up to $630/year per employee
- Mitigate “Monday Morning” Workers’ Comp claims (70% of Workers’ Comp claims happen on Monday mornings)
EMPLOYEE FEATURES
- Participatory Preventative Care Management app for eligible employees
- Guaranteed issue policies for Accident, Disability, Critical lliness with Cancer, Whole Life, Term Life, Hospital Indemnity, Vision, Dental, Legal Shield & ID Shield
- Participation has no effect on take-home pay
HR FEATURES
- Works with 3rd party payroll services ¢ Program’s technology infrastructure allows maximum efficiency with minimal effort by HR, Payroll & Team
- No Net Cost to Employer
WHY SIMERP?
This program, sponsored by the employer, allows employees to enhance their benefit package with a wellness plan while also lowering healthcare costs and
expenditures for both themselves and their employer, without any net cost to either party
BY THE NUMBERS!
An 18-employee logistics company in MD with 100% eligible employees enrolled would realize the following savings:
Payroll Tax (FICA) Savings
$11,520
1st Year Savings
$11, 520
10 Year Savings
$115, 200
Frequently Asked Questions
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ARC Leadership
ACE Rehoboth Consortium is a multifaceted company with diverse portfolios specializing in Financial Education and Planning, Training & Leadership Development, Hospitality and Cybersecurity.
The Financial Education and Planning portfolio was launched in 2017 as an independent Financial Services Owner with the World Financial Group (a Transamerica Company); Training, Entrepreneurship and Leadership Development Portfolio in 2020; Hospitality Portfolio in 2020 and Cybersecurity still in the works and yet to be launched.
President & CEO, ARC LLC (Financial Services Div)-Your Neighborhood Financial Professional, Financial Literacy Ambassador & Advocate
We at ACE Rehoboth Consortium (ARC) know the importance of financial stability and security. As the leading multi-faceted company, we offer a wide range of services in long-term care insurance, tax-free retirement, college funding, and other financial assistance.
We are committed to assisting individuals and families in the US achieve their financial goals and securing a prosperous future through our extensive experience and commitment to providing personalized solutions.
What Customers Say About Us
It's always such a great time speaking with Angela. Thank you Angela so much for helping me set up my tax-free retirement. I now have confidence in my ability to retire and it has been very helpful!
I knew about fixed and variable strategies to grow our money. Just found out about the indexed strategy. You grow and lock in your gains and proceeds are tax free? I was completely blown away! I really love the complimentary financial education ARC provides. Financial Literacy is key for wealth creation and securing your retirement
Contact Us
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12410 Milestone Center Dr Suite 600,
Germantown, MD, 20876, US - (301) 900-3571
9AM - 5PM
Opening Hours Mon. - Fri.