SIMRP definition

SIMRP or "SIMRPs" means the fixed SIMRP plans administered as contracted for with CEHAS, Inc.
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Examples of SIMRP in a sentence

  • No employer out-of-pocket cost for SIMRP plan document creation, setup, and compliance assistance The potential to reduce your firm’s healthcare costs Eligible employees can receive supplemental benefits with, usually, no reduction in take-home pay Employer saves FICA taxes on employee pre-taxed dollars The following program implementation requirements ensure your firm, and your employees, maximize the benefits from Capstone Health Management.

  • CEHAS desires to indemnify Client for certain obligations directly related to that certain MSA and SIMRP, as further described herein.

  • CHM has contracted with a third-party indemnifier to provide Client with indemnification from losses which may occur should the pre-tax status of the Client’s employees’ wellness contributions through its SIMRP Plan fail to qualify under I.R.C. 125, 105 and 106.A Certificate of Indemnification along with the terms and conditions thereof will be provided as part of the CHM Employer Package.

  • Client shall incorporate, under the SIMRP, reimbursements into the employee’s periodic paycheck.

  • SIMRP Claims must be directly assessed and specifically set out in a written notice from a Taxing Authority (collectively, "SIMRP Claim").