Rethinking Wellness Benefits: Why SIMERPs Offer a Smarter, Compliant Alternative to Fixed Indemnity Plans

Rising healthcare costs and compliance demands push HR leaders to reconsider strategies. SIMERPs, employer-funded plans under IRS Section 105, offer tax advantages and flexibility over fixed indemnity insurance. They reimburse health expenses tax-free, benefiting both employers and employees while enhancing wellness offerings and controlling costs, ultimately creating sustainable value.