Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Benefits consultant outlines payroll-tax-funded supplemental benefits for Daly City small businesses
Summary
Presenter Will Schaub described a self-insured medical expense reimbursement program that uses federal payroll-tax mechanics created under the Affordable Care Act to fund supplemental benefits for employees and reduce employer payroll costs.
Will Schaub, a benefits consultant, told the Daly City Small Business Commission on Feb. 13 that a self‑insured medical expense reimbursement plan (an ACA-authorized payroll-tax architecture) can let small employers offer supplemental benefits such as vision, dental, disability and lump-sum cancer or accident payments with no health underwriting.
Schub said the program uses tax deductions that normally flow through payroll to redirect pre‑tax dollars into employee benefits while keeping existing health plans and brokers in place. “You can take taxes that normally run through payroll, carve out some of those taxes, and then redirect or re‑pivot those towards very valuable benefits,” Schaub said.
The program, Schaub said, relies on IRS, HIPAA and ERISA compliance and runs through payroll; employers would remain responsible for required ERISA documentation but the presenter said his firm…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
