If you’re a business that proudly says, “Our people make the difference,” then you know that keeping your employees happy and healthy is key to your success. However, employee retention remains a challenge for many companies, with 78% of executives listing it as a major concern. That's where the Champ Plan comes in, offering a powerful solution to improve employee satisfaction while saving money.
The Champ program is designed to streamline payroll efficiency and provide valuable benefits that employees love. When you use the Champ Plan, employers can save an average of $573.60 per qualifying W-2 employee annually in payroll taxes. This is a win for businesses looking to maximize their bottom line, but the benefits don’t stop there.
For employees, the Champ Plan offers a range of perks that make a noticeable difference in their lives. Each qualifying employee can see an extra $75 to $200 in their paycheck each month, providing financial relief that boosts morale and job satisfaction. Plus, the plan takes the stress out of healthcare by covering primary care physician visits and urgent care visits with no deductible or copay. With no extra out-of-pocket costs, employees can get the care they need without worrying about unexpected medical bills.
The Champ Plan also offers 24/7 telemedicine services for employees and their families, so they can access medical advice and support anytime, anywhere, without the hassle of office visits. For prescription medications, the plan covers the cost of 400 of the most popular drugs with no deductible or copay. And for other prescriptions, employees still receive significant discounts for themselves and their household members.
Health is more than just physical, and the Champ Plan recognizes that by including mental health services, also with no deductible or copay. Additionally, employees get medical coaching to help them improve their health, supporting long-term wellness and reducing the likelihood of future health issues.
For employers, the Champ Plan leads to more than just happier employees—it also helps reduce overall costs. Businesses that have employees actively using the plan see an average 15% to 30% drop in workers’ compensation costs, while self-funded plans often experience a 15% reduction in major medical expenses.
In today’s competitive work environment, offering a benefits plan that improves employee well-being while lowering costs is essential. The Champ Plan is an easy way to invest in your team’s health, happiness, and productivity, creating a stronger, more engaged workforce while keeping your business efficient and cost-effective. With these kinds of benefits, it’s clear that the Champ Plan isn’t just a win for employees—it’s a win for the whole company.
