Preventive Care Management Program (PCMP)
Everything you need to know about the PCMP Initiative
The Preventative Care Management Program (PCMP) is a workplace initiative designed to enhance employee benefit packages with a wellness program that complies with the Affordable Care Act (ACA). This program aims to reduce tax liabilities for both employers and employees while offering valuable benefits.
PCMP is built around two key components: a Section 125 Cafeteria Plan and a Self-Insured Medical Expense Reimbursement Plan (SIMERP). It ensures adherence to IRS guidelines, particularly those related to 213(d) compliant benefits.
Through this program, employees can be reimbursed for qualified medical expenses on a tax-advantaged basis. The program is structured to optimize tax savings while meeting regulatory requirements, benefitting both employers and their teams.
To implement PCMP, a compliant wellness plan must include a formal plan document, a Section 125 Plan, and a SIMERP. The structure of the initiative has been carefully evaluated by Certified Public Accountants (CPAs) and Attorneys specializing in ERISA compliance.
