05 Mar The CHAMP Plan: A Smarter, Cost-Saving Employee Benefit Strategy
Save Money & Offer Better Benefits
What Is The CHAMP Plan?
In today’s economy, businesses struggle to balance employee benefits and cost control. Traditional healthcare plans come with rising costs, leaving both employers and employees burdened.
That’s where The CHAMP Plan changes the game.
It’s a Section 125 Cafeteria Plan—a tax-advantaged strategy that allows employees to receive better benefits while increasing their take-home pay. Employers benefit too, reducing payroll taxes without altering their existing health plan.
✅ Employees get more healthcare coverage (including $0 doctor visits, prescriptions, and telehealth).
✅ Businesses save money by lowering FICA, FUTA, and SUTA taxes.
✅ No changes to existing health insurance—just added benefits.
📌 Learn more about how The CHAMP Plan works here:
How Does The CHAMP Plan Work?
The CHAMP Plan follows the Section 125 framework, which allows employees to pay for eligible benefits with pre-tax dollars. Here’s how it benefits both sides:
For Employees:
- Lower taxable income, meaning more take-home pay every paycheck.
- Access to $0 out-of-pocket healthcare benefits, including doctor visits, telemedicine, and prescriptions.
- No disruptions—works alongside their existing health plan.
For Employers:
- Payroll tax savings by reducing taxable wages.
- Helps attract and retain top talent by offering better benefits at no additional cost.
- No new insurance provider required—complements your current benefits.
The CHAMP Plan vs. Traditional Employee Benefits
Feature | The CHAMP Plan | Traditional Benefits |
$0 Doctor Visits & Prescriptions | ✅ Yes | ❌ No |
Increases Employee Take-Home Pay | ✅ Yes | ❌ No |
Lowers Payroll Taxes | ✅ Yes | ❌ No |
Works With Existing Health Plan | ✅ Yes | ❌ No |
Requires Additional Employer Spending | ❌ No | ✅ Yes |
Unlike standard benefit plans that increase employer costs, The CHAMP Plan provides a smarter way to enhance employee compensation while saving money.
Why Businesses Are Choosing The CHAMP Plan
🔹 Reduces Payroll Tax Burden – Employers save thousands per year in FICA, FUTA, and SUTA taxes.
🔹 Boosts Employee Financial Wellness – Workers keep more of their paycheck and access better care.
🔹 No Additional Costs – Employers don’t pay extra to implement the plan.
🔹 100% IRS-Compliant – Built under the Section 125 Cafeteria Plan guidelines.
🔹 Stronger Employee Retention & Satisfaction – Competitive benefits help businesses attract & retain talent.
FAQs About The CHAMP Plan
Is The CHAMP Plan a replacement for health insurance?
No! It works alongside your current health plan to enhance benefits and reduce tax burdens.
What types of businesses qualify?
Most businesses with W-2 employees qualify, especially those looking to reduce payroll taxes and improve benefits.
Does it cost employers anything?
No—there’s zero cost for employers to implement The CHAMP Plan. It simply optimizes payroll tax structure for savings.
How much can my company save?
On average, businesses save $500–$1,200 per employee annually. 📌
Take the Next Step: Start Saving Today
The CHAMP Plan is a proven way to reduce costs, increase employee satisfaction, and optimize payroll taxes—without disrupting your current benefits package.
✅ More take-home pay for employees
✅ $0 doctor visits, prescriptions & telehealth
✅ Lower payroll taxes & higher business savings
Now is the time to put more money back into your business and your employees’ paychecks.
📌 Schedule a free consultation today to see how The CHAMP Plan works for your company.