Founder.
Charley has worked with small business owners for more than 25 years on specialty tax and savings programs, unique business startup projects, insurance and self-funded health plans. He has held life and health insurance licenses since 2000.
Most benefits programs are built for employers whose staff work full-time. Home care does not look like that. Rosters are large, hours are irregular, margins run 7 to 10 percent, and a substantial share of caregivers never reach the 30 hours that group health carriers use as an eligibility threshold.
That combination means the two options most owners consider, a wage increase or a group plan, both require money the business does not have. So the conversation ends and nothing changes.
A Section 125 election is open to W-2 employees regardless of hours worked. The 30-hour rule is a carrier rule, not tax law. In an industry built on part-time schedules, that is the difference between a plan that covers the office and one that covers the crew, as well.
A top-seven US accounting firm. Wrote the CPA opinion letter on the plan structure.
Darcy Hitesman has practiced ERISA, Section 125 and ACA law for over 35 years and wrote the legal assurance letter.
The plan is administered under IRS Sections 105, 106, 125 and 213(d), and is built to comply with ERISA and the ACA.
Home Care Wellness provides marketing and enrollment support for the Unify Wellness Plan, which is administered by UnifyWell.
Home Care Wellness provides marketing and enrollment support and does not provide legal, tax, accounting or health advice. The Unify Wellness Plan is administered by UnifyWell. Savings figures in any proposal are estimates based on the payroll information provided and are not guaranteed. Federal and state tax laws change. Consult your own CPA or attorney before enrolling.