Smart Solutions to Increase Profitability
Corporate Benefits Initiative (CBI)
BizAdvantage Group is proud to offer the Corporate Benefits Initiative (CBI) program, a comprehensive Preventive Care Benefits and Voluntary Supplemental Life Insurance package offered through our industry partners.
This federally funded program is available at no cost to employers or employees. The program not only promotes employee health but also enhances business profitability.
CBI utilizes federal payroll tax-savings established under the Affordable Care Act (ACA) to help offset rising Medicare costs. These credits incentivize businesses to offer benefits that can reduce future healthcare expenses for their workforce.
MEC Compliant
Patented “Amaze App” Technology:
Patented “Amaze App” Technology:
Employers not currently offering group healthcare can implement this MEC-certified program at no additional expense to the company or the employees and avoid future MEC-related compliance penalties/fees.
Patented “Amaze App” Technology:
Patented “Amaze App” Technology:
Patented “Amaze App” Technology:
CBI plans provide a HIPAA-compliant, personalized engagement approach and model with a free app, ensuring greater engagement, benefit utilization, and continual care.
No New or Net Cost:
Patented “Amaze App” Technology:
No New or Net Cost:
Payroll Tax savings helps fund CBI plans. Savings = approx. $2,000/year with $1,500 avg. going toward the benefits and life insurance + $500 avg. net to the employer.
Bottom Line Impact
Patented “Amaze App” Technology:
No New or Net Cost:
Employers currently offering group healthcare can potentially negotiate better rates on their major medical premiums due to reduced plan utilization thanks to CBI.
Net Savings for Employers
Impactful Coverage and Benefits
Impactful Coverage and Benefits
Employers pay nothing out-of-pocket and realize an average net savings of $500 or more per participating employee
Impactful Coverage and Benefits
Impactful Coverage and Benefits
Impactful Coverage and Benefits
Unlimited telemedicine, unlimited counseling, over 1,000 prescriptions, free labs and up to 6 urgent care visits per year, depending on the plan, all with zero copays, zero deductibles, and zero out-of-pocket expense.
Employee Retention/Attraction
Impactful Coverage and Benefits
Employee Retention/Attraction
With improved benefits, employers attract better-quality candidates and experience reduced employee turnover, thereby contributing to a stable and engaged workforce while fostering a sense of security and optimism/satisfaction among the organization's personnel.
Bottomline EBITDA
Impactful Coverage and Benefits
Employee Retention/Attraction
This program lowers the total payroll tax burden, and the savings generated pay for the new benefits, and can add net savings back to the employer’s bottom line.
About this Service:
Introduced in March of 2024, these plans qualify under IRS Section 125 (established in 1948) for pre-tax deduction of health benefits. Additionally, these plans leverage the Prevention and Public Health Fund, created under Section 4002 of the Patient Protection and Affordable Care Act of 2010 (ACA). The Prevention Fund represents the nation's first bipartisan mandatory funding stream dedicated to enhancing public health. With 133 million Americans currently affected, this initiative uniquely positions itself as an incentive program that leverages tax savings for U.S.-based businesses, to help promote and improve both physical and mental health for their employees.
Empower Your Employees
The CBI plan is a unique, forward-thinking plan that gives employees the tools they need to take control of their health, transforming their healthcare experience into one that is transparent, competitive, and focused on proactive care. The CBI plan also leverages yearly savings to provide an impactful layer of protection for an employee's financial security through a supplemental life insurance group policy (backed by MassMutual.
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Discover how BizAdvantage Group can help you unlock cost-saving solutions and valuable employee benefits at no expense to you. Get in touch today and start maximizing your savings!