Zoop Benefits: Why Offer Free Employee Benefits & Save Money
Zoop Benefits are completely FREE for the employee's family and employer through a payroll tax credit and have Zero Out of Pocket (Z.O.O.P.) for most benefits.
Zero Out-of-Pocket Costs: Comprehensive coverage with no premiums, co-pays, or deductibles results in a highly attractive benefits package that can attract and retain top talent.
Happier, Healthier Employees: Focus shifts from sick care to well care, leading to reduced absenteeism, increased productivity, and an overall healthier workforce.
Reduced Healthcare Costs: Lower utilization of prescriptions and labs, facilitated by Zoop Benefits, can lead to year-over-year savings on health insurance premiums.
Peace of Mind: Employers have the satisfaction of providing exceptional care for their employees and their families.
Bottom Line Profit & Tax Savings: Employers benefit from reduced matching Social Security and Medicare withholding taxes through the Section 125 deduction taken by employees. (Typically $500/yr per employee)
$0
COST FOR EMPLOYEE
AND FAMILY*
$500
AVERAGE ANNUAL SAVINGS FOR
EMPLOYER PER EMPLOYEE*
$253
Average Benefit Increase
Monthly to the Employee
*Through Payroll Withholding Savings.
How the Employer Benefits
Healthcare System Problems
Health insurance is ridiculously expensive with ever increasing costs
Care dictated by big insurance, hospitals, and pharma
Lack of transparency
Reactive care is expensive
Difficult to compete with enterprise level benefits
Zoop's Revolutionary Solution
NO-cost Investment to empower employees and reduce health insurance utilization and cost
Direct access to top-tier providers nationwide
Zero copays and deductibles on almost all benefits
Proactive healthcare is cheap
Easy to outperform enterprise level benefits
Level Up Your Benefits with Zoop Benefits
Boost Your Bottom Line: Save on average $500 per employee annually to cover the cost of other benefits.
Reduce Your Costs: Lower costs in worker's compensation, health insurance, absenteeism, and disability claims.
Enhance Benefits: Attract and retain great employees by offering a more attractive benefits package without additional expenses.
Win-Win Solution: Gain cost savings while providing valuable benefits to your employees.
Payroll Deduction Example
Notice how the example employee's Gross AND Net Payroll are exactly the same!
All benefits are funded with tax savings created by an $800 deduction for employee ($1,125 family).
Whole life, cash value, portable, guaranteed issue life insurance funded with the tax savings of $201.99. The other $80 of savings covers the investment in the service.
$800 deduction is returned post tax as a benefit claim for the employee using the app and monitoring their wellness.
Employer's Social Security tax reduced by $49.60/mo or $595.20/yr of savings to the employer bottom line.
Sample Report
Roughly 1/2 of this company's employees were eligible meeting the minimum required income and were not receiving Medicare or Medicaid.
Employer added $21,735.15 to the bottom line.
Employee's received $5,498.20 monthly for a total of $65,978.45 in annual benefits increase.
The employees began benefiting immediately in wellness and saving money on their copays and deductible.
The company began saving money immediately through reduced healthcare utilization on their primary plan.
Launch Sequence
To get started, Step One is all that is required to learn how much you can save and how much benefit your employees will receive.
Payroll Report
Complete & Submit Basic Payroll Information
Print Payroll Details from payroll department or software, download PDF or CSV, email.
OR
Download PDF Sheet and manually complete for each employee, scan, and email.
Most companies have payroll, HR, or payroll company download a the report with the information requested on Google Sheet or PDF file above.
Zoop Benefits
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