Government Incentive Programs
Many businesses miss out on available tax credits and financial incentives. We guide companies in identifying and securing these funds, ensuring they maximize their benefits budget without increasing expenses.

In a recent collaboration, we assisted a mid-sized manufacturing company in implementing the Preventative Health Initiative (PHI) to enhance employee well-being and achieve significant financial benefits.

Challenge: The company faced rising healthcare costs and sought to improve employee health without incurring additional expenses.

Solution: By adopting the PHI program, the company provided employees with access to wellness coaching, mental health support, and telehealth services. This initiative was funded through tax credits, resulting in no net cost to the company.

Results:

• Financial Savings: The company saved approximately $500 per employee annually in FICA taxes, totaling significant yearly savings.
• Employee Benefits: Employees received an average of $1,500 per year in additional wellness benefits, including mental health services and telehealth access.
• Enhanced Well-being: The comprehensive wellness program led to reduced absenteeism and improved productivity across the workforce.

This case exemplifies how strategic implementation of employee wellness programs, supported by available tax incentives, can lead to substantial benefits for both employers and employees.