Tax-Advantaged Employee Wellness Program
Learn More About Our PCMP
18 to 30%
Workers’ Comp. Insurance Savings
Up to $900
Per Employee Payroll Tax Reduction
Zero Net Cost
Introducing a Thoughtfully-Designed and Holistic PCMP
Lower your business’s labor costs and invest in your employees’ health and well-being with 1st Capital Financial’s PCMP.
Highest Value PCMP Available
Customizable Suite of Employee Benefits
IRS, ACA, ADA, ERISA, and HIPAA Compliant
PCMP Overview
What Is a PCMP?
The value of coverage by an employer-provided wellness program that provides medical care (as defined under § 213(d)) generally is excluded from an employee’s gross income under § 106(a), and any reimbursements or payments for medical care (as defined under § 213(d)) provided by the program is excluded from the employee’s gross income under § 105(b).
A Preventative Care Management Program (PCMP) is a unified healthcare model comprised of a Section 106 Wellness Plan, a Section 105 Self-Insured Medical Reimbursement Plan (SIMRP), and a Section 125 Cafeteria Plan that produces a tax advantage.
At A Glance
We understand the challenges employers face in today’s labor market. That’s why our PCMP was purposely created to democratize access to high-quality, customizable health and wellness benefits that meet employees’ needs and expectations.
Primary Benefits
PCMP Benefits
What Are the Benefits of a PCMP?
Dental
Vision
Accident
Critical Illness
Hospital
Life Insurance
Telemedicine
Mental Health Services
Diet and Lifestyle
Health Education
Preventative Care
Primary Care Visits
Specialist Visits
Virtual Primary Care
Virtual Urgent Care
Prescriptions
Whole Family Care
Live Medical Support
Minimum Essential Coverage (MEC)
Great for Your Business's Bottom Line and Employees
80 to 90%
Average Employee Participation
Over 50%
Fewer Urgent Care Visits
Up to 40%
Fewer Emergency Room Visits
PCMP Eligibility
Who Is Eligible for a PCMP?
The qualifications for our PCMP are simple, whether you’re a small, midsize, or large business.
Minimum Criteria
How to Apply for Our PCMP
Our PCMP Application Process
Submit Your PCMP Intake Form Online
Complete Your Employee Census Report
Review Your PCMP Proposal
Launch, Enroll, and Begin Saving
FAQs About Our PCMP
Frequently Asked Questions, Answered
Are PCMP participants required to answer health-related questions to obtain coverage?
No, participants are not asked health-related questions because our PCMP relies exclusively on group policies.
How does a PCMP affect participants’ gross wages?
PCMP participants will see additional line items on their pay stubs to account for pre-tax deductions and post-tax reimbursements. However, the net pay amount will show no change or up to a $50 increase.
Are PCMP benefits available to participants’ spouses and dependents?
Yes, all PCMP benefits may be extended to participants’ spouses and dependents.
Are PCMP benefits taxable?
No, PCMP benefits are generally not taxable under the applicable tax codes. See our guide for more information.
What is a PCMP?
A Preventative Care Management Program (PCMP) is an innovative tax strategy that yields an immediate reduction of payroll expenses for employers and access to health and wellness benefits at zero net cost for employees. It comprises a Section 106 Wellness Plan, a Section 105 Self-Insured Medical Reimbursement Plan (SIMRP), and a Section 125 Cafeteria Plan.
Do participants get to choose their own PCMP supplemental health options?
Yes. In most cases, PCMP participants may apply a portion of their allotment balance to optional ancillary benefits, including accident insurance, critical illness with cancer, hospital insurance, life insurance, and more.
Additional PCMP Resources
In addition to all IRS memos and provisions under the Affordable Care Act (ACA), the PCMP accounts for the following public law: Internal Revenue Code (IRC) § 106(a) (i.e., ERISA), IRC § 213(d) (i.e., ACA and ADA), IRC § 105(b) (i.e., HIPAA), IRC § 5125, IRC § 125, Code of Federal Regulations (CFR) § 1.105-11, IRC § 104(a)(3), CFR § 1.105-11(i), CFR § 1.105-11(k)(1), and CFR § 1.105-11(k)(2).
Start Saving With a PCMP
Submit your PCMP Intake Form online to find out how much your business could save with our tax-advantaged employee wellness program.