WEST PALM BEACH, FL / ACCESS Newswire / May 5, 2025 / Candor Financial, a leading financial consulting firm specializing in strategic tax solutions and employee benefits optimization, today announced the nationwide availability of their partnership with innovative Preventative Care Management Program (PCMP). This tax-advantaged health benefits solution leverages Section 213(d) of the IRS Code and CARES Act provisions to deliver substantial FICA tax savings for businesses while enhancing employee wellness benefits.

The Preventative Care Management Program enables businesses with 50+ employees across all industries to reduce payroll tax liability by an average of $600-$700 per employee annually while providing comprehensive preventative healthcare and supplemental benefits to employees-all without reducing employee take-home pay.

"In today's competitive business landscape, companies are constantly searching for ways to optimize employee benefits costs while maintaining comprehensive coverage," said a spokesperson for Candor Financial. "The Preventative Care Management Program represents a genuine paradigm shift in tax-advantaged health benefits, creating a win-win scenario where both employers and employees benefit financially while improving health outcomes."

How the Tax-Advantaged Preventative Care Management Program Works

The PCMP utilizes a strategic restructuring of employee compensation that reduces taxable income while maintaining net pay through Section 213(d) qualified medical expenses:

1. A portion of an employee's gross income is allocated as a pre-tax wellness benefit ($1,200 monthly in the standard model)

2. This reduces the employee's taxable income, resulting in lower tax withholdings for both employee and employer

3. The employee receives a post-tax reimbursement equal to the pre-tax allocation

4. After accounting for the wellness program fee ($220 monthly) and supplemental benefits, the employee's final net pay remains unchanged

For employers, this structure creates significant FICA tax savings-approximately $681.60 annually per employee after program costs. These savings scale linearly with workforce size, with a 1,000-employee organization potentially saving over $681,600 annually in payroll taxes.

Comprehensive Employee Wellness Benefits Package

The Preventative Care Management Program provides employees with access to a robust suite of wellness resources covered under Section 213(d) of the IRS Code:

• Personalized health coaching and interactive wellness portals

• 24/7 telemedicine access for convenient healthcare

• Behavioral change programs for lifestyle improvement

• Employee assistance programs (EAP) for mental health support

• Supplemental benefits including short-term disability, accident coverage, life insurance, and critical illness coverage

"What makes the Preventative Care Management Program particularly valuable is that employees gain access to these enhanced benefits with no reduction in take-home pay," the spokesperson added. "This preventative healthcare focus not only improves quality of life but can also reduce absenteeism and increase workplace productivity."

Streamlined 45-60 Day Implementation Process

Candor Financial has developed a streamlined 5-step implementation process that allows businesses to begin realizing tax savings quickly, typically within 30-90 days:

1. Census collection using standardized templates

2. Proposal generation with detailed tax savings projections

3. Detailed census completion for benefits enrollment

4. Payroll system integration with mock payroll verification

5. Consolidated monthly invoicing through third-party administration

The program integrates seamlessly with existing payroll and HR structures, requiring minimal changes to established systems while maintaining full compliance with IRS regulations.

Proven Success Across Multiple Industries

The Preventative Care Management Program has been successfully implemented across numerous industries, with particularly strong results in organizations with 50+ employees. Case studies demonstrate significant FICA tax savings alongside improvements in employee health metrics, engagement, and satisfaction.

A global manufacturing enterprise with over 3,200 employees reported substantial payroll tax savings alongside significant improvements in employee health metrics and team cohesion after implementing the program.

Similarly, a healthcare organization with approximately 15,000 employees leveraged the PCMP to implement a comprehensive mental health support program, resulting in improved mental well-being, reduced stress levels, increased job satisfaction, and significant tax savings.

About Candor Financial

Candor Financial is a consulting firm that helps businesses grow with fast funding, strategic tax solutions, and payroll savings-without the hurdles of traditional banks. The company offers customized capital, tax credit programs, and payroll strategies that put money back in clients' pockets. Backed by top lenders and cutting-edge technology, Candor Financial evaluates businesses based on performance-not personal credit-with a streamlined process that gets clients approved and funded faster, with less friction.

As an exclusive partner selected to help businesses implement the Preventative Care Management Program, Candor Financial provides comprehensive support throughout the process from initial assessment through ongoing administration.

Contact Information

For more information about the Preventative Care Management Program or to schedule a consultation about tax-advantaged employee benefits, visit candorfinancial.io or call +1 561-589-1601.

Media Contact:

Candor Financial
Email: info@candorfinancial.io
Phone: +1 561-589-1601
Website: candorfinancial.io

SOURCE: Candor Financial