Health & Prosperity™

We know that beyond card acceptance fees your business also faces other key expenses, such as taxes and employee healthcare / benefits related costs.

That's why Prosperity Payments has partnered with Envita Health™ to offer our payment services with their tax-incentivized personalized medicine program.

Biomed empowers businesses to provide employees access to specialized healthcare services and save an average of $1,000 per employee in annual payroll taxes (Tax savings are explained at the bottom of the page)

This combination of reduced payment processing costs, tax savings, and employee health-related costs savings makes the Health and Prosperity Program™ the single most powerful cost-savings program available to small and mid-sized businesses anywhere.

The most powerful cost savings program for small and mid-sized businesses. Period.

Envita Health and Biomed Program Overview

The biomed program DOES NOT INTERFERE with other benefit offerings or existing health plan designs. It serves as a stand alone health benefit and COMPLEMENTS existing health plans.

How does the Health and Prosperity Program™ work?

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We eliminate payment processing fees reducing your cost of card payment acceptance

We reduce your processing rates - can setup credit card surcharging to eliminate up to 70% of your cost of card processing

We set up Biomed to reduce employee health related costs

This program improves employee recruitment, retention, and performance, while reducing absenteeism and workers comp liability. It also can lower medical insurance premium rates if you are already offering health insurance to employees

Your company reduces payroll taxes ($1,000 annually per employee)

S125 of the IRS Code allows the qualified benefits from the Biomed program to be deducted pre-tax from employee wages lowering FICA and FUTA tax for both employer and employee. More on how this works at the bottom of this page

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Ready to Radically Reduce 3 key expenses in your business?

Improved employee recruitment and turnover: by enhancing compensation and benefits package with numerous industry first offerings - integrative precision care, AI-driven medical testing & interpretation, regenerative medicine, concierge healthcare navigation, direct primary care, and more

Biomed is fully insured by the largest international A++ rated carrier and provides 4 primary directions of value

1

Reduction in employee health related costs: by redirecting care and claims from existing health plans, especially in the form of drug intercepts, or serving as stand alone healthcare benefit to improve employee health and performance reducing absenteeism and workers comp liability

2

Annual payroll tax savings for employer: $1,000 per employee on average (as result of S125 tax savings).

3

Increases in take home pay for employees: (as result of S125 tax savings)

4

Full Biomed full program overview can be found below

20 employee minimum

How Does S125 enable this program to cost nothing and provide significant tax savings to employer and employee?

By using pre-tax funds to cover the program, the premium cost is excluded from the wage evaluation, benefiting both the employer and employee. This redirection of wages on a pre-tax basis to this program premium ensures that this segment remains untaxed.

These tax incentives not only enable employers to offer personalized medicine options to their employees without any out-of-pocket costs but also frequently result in an increase in take-home pay for their employees. Typical employer payroll tax savings average $1,000 per employee per year.

The program is fully insured by the world's oldest and most conservative A++ rated carriers. In other words, unlike other S125 programs there truly is no financial risk or cost to employer or employee!

Semi-monthly Employee Paycheck Example

Speak with a S125 and merchant services expert below

Is Your Business Ready for Health and Prosperity?

Address

Rochester MI 48306

Contacts

Email: gturner@prosperitypayments.co
Phone: 248-930-8096