Sign up to save your podcasts
Or
Share What Is the CHAMP Plan and Why Is Everyone Talking About It?
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
What Is the CHAMP Plan and Why Is Everyone Talking About It?
Welcome to Talk Money to Me, the show where we decode strategies that smart businesses use to boost financial wellness and retention.
Today, we're digging into one of the best-kept secrets in employee benefits: The CHAMP Plan.
What It Is
The CHAMP Plan is a compliant Section 125 pre-tax benefits program. It allows employers to offer supplemental healthcare benefits that employees don’t pay tax on — and it reduces employer payroll taxes. Yes, that means savings on both sides.
Why It Works
Unlike traditional benefits, the CHAMP Plan puts more money back in employees’ pockets — and business owners save thousands in payroll taxes annually. Plus, it’s easy to implement, and The Policy Shop handles the administration.
It’s a true win-win: employees take home more, and you lower operating costs. The CHAMP Plan isn't just a benefit — it's a strategy.
https://thepolicyshop.com/the-champ-plan/
View all episodes
By The Policy Shop InsuranceWelcome to Talk Money to Me, the show where we decode strategies that smart businesses use to boost financial wellness and retention.
Today, we're digging into one of the best-kept secrets in employee benefits: The CHAMP Plan.
What It Is
The CHAMP Plan is a compliant Section 125 pre-tax benefits program. It allows employers to offer supplemental healthcare benefits that employees don’t pay tax on — and it reduces employer payroll taxes. Yes, that means savings on both sides.
Why It Works
Unlike traditional benefits, the CHAMP Plan puts more money back in employees’ pockets — and business owners save thousands in payroll taxes annually. Plus, it’s easy to implement, and The Policy Shop handles the administration.
It’s a true win-win: employees take home more, and you lower operating costs. The CHAMP Plan isn't just a benefit — it's a strategy.
https://thepolicyshop.com/the-champ-plan/