Fica Cost Reduction
Reduce your FICA tax liability by $600 per employee.
Through our partners at 360 Advantage, we offer employees additional "bolt on" coverage that doesn't affect their current coverage.
A provision of the Affordable Care Act allows employees who accept this additional coverage to reduce their FICA tax liability without reducing their take-home pay.
As a result, employers pay less FICA taxes overall—typically a savings of $600 per employee each year.
No, accepting new insurance through 360 Advantage will have no effect on your current coverage.
Our partners at 360 Advantage offer and maintain these coverage policies.
Employees aren’t obligated to accept new coverage. If they don’t sign up, they simply won’t receive the benefits of the reduced FICA tax burden.
360 Advantage charges minimal fees for providing and managing employee coverage. Employers typically net $600 per employee after all fees.
By utilizing provisions in the Affordable Care Act, we can offer expanded coverage for your employees while saving them (and you) thousands in reduced FICA tax liability.
Our fees are entirely covered by the significant reduction in your FICA tax liability.
It is my pleasure to highly recommend Tryon Clear View Group to any organization who is searching for alternative sources of revenue. These are dollars that we would have no known existed and obviously would have never realized the benefit were it not for their effective process of recovery.
We found Tryon's staff to be professional, result oriented, focused and flexible to work with. Your integrity is without question and your willingness to step in and collaborate on issues outside the scope of the engagement was extraordinary.
"Our community hospital is realizing a substantial amount of savings in the area of telecommunications. The entire team at Tyron Clear View Group was extremely proactive and aggressive in the efforts to help Heywood Healthcare with savings. They are very responsive and a pleasure to work with."
"Not only has your team found significant realized savings for Floyd, but the experience has been painless. I appreciate the effort, results and your continued engagement with Floyd."
"Our Parish is looking at some significant real savings already and project significant savings in our copy/printing costs. Tryon was able to navigate a complicated system of rates and tariffs to achieve these savings."
"I had to keep hearing the fact that they weren't going to charge me unless they found savings. Doing this has freed up my staff tremendously. You've got an outside entity doing the dirty work for you, and they have expertise in everything they're doing."
"The TCVG team was very knowledgeable about energy savings and put a robust and successful program in place. I was especially pleased with the $68,000 credit we received from our local power company based on the audit."
"We hired TCVG thinking we had things in good order. Your review was quick and required hardly any time on our part. We were pleasantly surprised that you found us money. We are very satisfied with your service and would recommend it to others."
"I consider myself very diligent in keeping the phone inventory current and at lowest cost possible. Tryon was able to identify numerous inactive phone lines for termination and unnecessary features and plans on our cell phone bills, all with minimal participation on our end."
You were able to reduce our fees by 27% and your monitoring helped us keep our processor from increasing our fees. The audit was quick and efficient and took no time on our part.
We realized a 60% reduction in our monthly telecommunications bills. The executives and members of the auditing team were very professional, helpful and easy to deal with. All the detailed auditing work was done offsite, with no disruption in day-to-day activities in our offices.
Tryon was extremely flexible, thorough and professional in every aspect of their audit.
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