Latest / The Tech Matchmaker / $650 Per Employee in Tax Savings Most Companies Miss | EBS Health
Transcript
- Jordan White: And then especially in the space now with healthcare premiums on the rise, what my company does is I find money that's already there with programs that have been around for quite a while to help employers save in their payroll, tremendous amount in their payroll, up to $650 per W-2 employee. And it also helps with employee retention because the lion's share of the benefits that we are able to find are for Employees that only earn typically between $30,000 and $60,000, $30,000 and $90,000. So some of the ancillary benefits that typically they wouldn't be able to afford, we're able to facilitate for them at no out-of-pocket cost. We create a tax savings from their FICA from the payroll. And with that tax savings, we just reallocate those funds towards ancillary benefits. And in some cases, a lot more recent than previously. We're able to not only get them ancillary benefits that they never thought they could afford, but also give them a slight boost in their check. And that's something that in this economic climate, with I'm in New York, gas prices five dollars a gallon and eleven dollars a carton of for eggs, if I can get a little bit more money in the pockets of our W2 employees, because that's the backbone of America, and I can also get them some ancillary benefits that'll help them to stay healthier and stay in the workforce for longer, who's better than us?