Your Company Is Overpaying FICA Taxes by ~$640 Per Employee
No cost to set up. No disruption to existing benefits.
Trusted by companies including
How Much Could You Save?
Adjust the slider to see your estimated annual FICA tax savings.
Estimate based on ~$640/employee/year in FICA tax savings. Exact savings vary by payroll structure.
Let's Make It Happen
How It Works
A simple program that restructures existing compensation to create tax savings for your company and additional benefits for your employees.
Zero Cost Setup
The program pays for itself through the FICA tax savings it generates. No setup fee, no ongoing costs to you.
No Disruption
Works with your existing payroll and benefits. No open enrollment needed. Implement any time of year.
Fully Compliant
IRS Section 125, ERISA, HIPAA, ACA compliant. Plan documents and audit protection included.
Everyone Wins
No additional costs to you or your employees. Works alongside your existing benefits.
For the Company
- ~$640 per employee annually in FICA tax savings
- No setup cost - the program pays for itself
- Plugs into your existing payroll system
- Implement any time - no open enrollment required
For Employees
- Up to $1,200 in additional coverage annually
- Short-term Disability, Critical Illness, Hospitalization, Accident & Life Insurance
- Digital wellness platform with care navigation
- No change in net take-home pay
Questions Your Leadership Will Ask
Straightforward answers to the three questions every CEO and CFO asks.
What does this cost us?
Nothing out of pocket. The program is funded by the FICA tax savings it generates. The administration fee is more than covered by what you save.
Is this legal?
Yes. It operates under IRS Section 125, IRC 106(a), ERISA, HIPAA, and ACA. Plan documents and audit protection are included.
Will this disrupt anything?
No. It integrates with your existing payroll and doesn't change your current benefits. Employees see more coverage - same net pay.
About CovaHealth
CovaHealth is an independent benefits advisor. We don't administer the program or underwrite the benefits - we find employers who qualify and guide them through enrollment with the program provider.
The program itself is administered by an established third-party administrator backed by nationally recognized insurance carriers and a fully-staffed digital wellness platform. That organization has the infrastructure, the compliance framework, and the decade-plus track record. We're the ones who bring it to you.
The Program
CovaHealth's Role
- Qualify your company and run your savings estimate
- Coordinate enrollment with the program provider
- Be your point of contact throughout the process
- Answer employee and HR questions as they come up
Common Questions
Is this really at no cost to my employees?
Yes. The program restructures existing compensation so employees receive additional benefits without any change to their net take-home pay.
If this is so good, why doesn't every company do it?
Most companies simply haven't heard of it. It's offered through HR advisors, not traditional insurance brokers or software platforms. That's the only reason it isn't universal.
What do employees actually see on their paystub?
A wellness program deduction and a matching non-taxable reimbursement - net pay stays the same. They also receive benefit ID cards and coverage documents. We provide communication materials to help you introduce it.