SIMRP Explained | How Self-Insured Medical Reimbursement Plans Really Work

Описание: Self-Insured Medical Reimbursement Plans (SIMRPs) and preventative care reimbursement programs are being talked about more than ever — but they’re often misunderstood.

In this video, we explain:
• What a SIMRP actually is
• How reimbursements work (and how they should be administered)
• The role of preventative care and excepted benefits
• Common mistakes that trigger IRS scrutiny
• The difference between ERISA legal review and ongoing oversight
• Why who you work with matters when implementing these programs

This video is educational in nature and designed to help employers better understand how SIMRP structures function, where risk arises, and how proper administration reduces exposure.

If you already have a SIMRP or preventative care reimbursement program in place — or you’re considering one — and would like a second opinion or have questions about your current structure, we’re always happy to take a look and help you understand how it’s working.

This content is not tax or legal advice. Employers should consult their own tax and legal professionals regarding their specific situation.

Chapters

0:00 Understanding SIMRP: The Basics
3:08 Reimbursement Mechanisms and Administration
5:31 IRS Concerns and Legal Oversight