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Last Post by neilcw67 4 months ago
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 Glen Oaks
Topic starter
May 29, 2025 6:24 pm
(@glen-oaks)
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Joined: 4 months ago

I was on the webinar reviewing the Champion Health Plan.  I have some information that I think is critical to be known.  I have been involved with another organization offering a similar program.  I believe that the these type of plans are eligible for the tax relief as they are set up to comply with the tax codes.  This is my opinion, I am not a tax expert.  The issue I have with these plans and the organizations marketing them is the Social Security issue for the employees.  Both the company I am involved with and Champion Health brush this under the table, saying that the effect in their Social Security income for retirement is insignificant.  No one has given me examples though the gentleman on that webinar mentioned 2 or 3 dollars a month loss in benefits for the employee.  I know that he doesn't know the subject and just repeats something that he was told.  He mentioned that Social Security takes the person's highest 39.5 years salary in figuring out their Primary Insurance Amount.  It is 35 years of the highest earnings years, adjusted for inflation.  I have run some Social Security reports reducing a worker's income by $14,400 (which is what this program does) and the results that I have gotten are that the retirement benefits are reduced by $175 to $250 per month for the rest of that person's life!  That is not insignificant in my mind.  There are a lot of variables.  The person's income, how long they participate in the program, spousal benefits etc.  I would really like to market these plans so if anyone can prove me wrong, that would be great, but I will need proof.  


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 neilcw67
Jun 10, 2025 4:39 pm
(@neilcw67)
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Joined: 4 months ago

Hi,

Hope all is well.  My name is Neil.  I am the Operations Director for the Champion Health licensed agent Greg Stopp who will be teaming with Mike Anarumo (who presented the webinar) to assist you with any questions regarding the Champ Plan and to assist with arranging any presentation meetings (and all necessary follow-up) for any prospective clients you may have (assuming, of course, you ever decide to promote this plan). 

FYI - all webinar attendees will be receiving an email from Greg Stopp later this week introducing himself and providing you his contact info.  Greg (and I) will also be reaching out soon to:

1.  Inform you about the details relative to our new Champ Plan Referral Program, including what to do if you have a prospective client and the compensation details (as we didn't have time on the webinar to explain these very important details).

2.  Provide you some informative Champ Plan marketing brochures which are designed to send to any CEO, CFO or Head of HR.

_______________

Regarding your social security questions/concerns, we did pass them on to Mike at Champion Health. 

Here was Mike's response:

Hey guys!
 
Every Section 125 plan an employee participates in (excluding pre-tax retirement contributions) effects Social Security. There are many variables for sure - one of those being the longer someone is on the plan and the higher potential of it having increasingly negative effects in SS payouts; but in the same breath, the longer someone is on the plan, the longer they are realizing increased take home pay that would far outweigh the decrease when collecting SS.
 
Another variable that plays into the length someone is on the plan is their income level when they are participating - an average person in the US will work for 12-13 companies in their lifetime. 
 
As mentioned in the beginning - all Section 125 plans affect Social Security - attached doc for more details.    
 
________________
 
In addition to Mike's response above, Greg indicated it is also important to point out that while an employee is enrolled in the Champ Plan, they (and their family) are also saving money through the plan benefits (which adds up over many years) such as:

Unlimited Primary Care Doctor / Urgent Care Visits

  • The Plan pays 100% of the office visit charges for First Health Providers for the employee. (Employee Only)

100% Preventative Care

  • The Plan pays 100% of services required by the Patient Protection and Affordable Care Act through First Health Providers. (Employee Only)

Unlimited Prescriptions $0-$1 Copay

  • No copay or cost for 85% of the most commonly prescribed medications within the Champ formulary (Employee plus family)

Direct Primary Care (Employee plus family)

  • $0 CostUnlimited access to a Concierge’s advocate approach to health care.
  • It’s having a doctor available 24/7 at your beck and call.

Personal & Mental Health Care (Employee Plus Family)

  • Proactive Medical Care to help identify potential health risks
  • Access to private consultations

 Unlimited Virtual Veterinary Consultations 24/7

  • Our Licensed Veterinary professionals inform, advise and guide you on the steps to take for the health and well-being for cats, dogs, horses, birds, and more.  (Employee plus Family)

I hope this helps to alleviate some of you concerns regarding how the Champ Plan affects Social Security. 

FYI - Greg and I can easily arrange a private Zoom call with Mike at Champion Health so we can address your  questions/concerns in more detail over the phone.

You can expect to receive an email from Greg later this week.  

We look forward to explaining the details of our new referral program, and hopefully getting the opportunity to work together.

Best Regards,

Neil 

PS:  SEE ATTACHED 


This post was modified 4 months ago 2 times by insmark_forum_admin
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