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MANAGING PAYROLL
Revolutionizing the way health benefits are delivered to employees.
Learn the Basics
Terms to Know
Access Your Report
There are two major components to every Payroll Report.
Wage+
Withholding
On the Remodel Health platform, your company will pay its employees a salary and a Wage+ (wage increase) using taxable dollars.
Wage+ (wage plus) is the term used for the extra wages given in lieu of offering group health benefits. Employees can use this additional wage to purchase their own individual health plan.
Remodel Health recommends keeping employee salary and Wage+ as separate line items on their paychecks so there is a clear distinction between pay and the employer’s contribution toward health insurance.
With Remodel Health, a member can elect to have their chosen healthcare plan costs deducted from their pay on a post-tax or after-tax basis by their employer. This is called their Withholding.
Remodel Health will pay for the individual health plans on behalf of the employee and gather the funds from the employer. This is a separate line item from their Wage+ since the funds are being withheld after taxes are taken out, versus the Wage+ being contributed before taxes are taken out.
NEW! PLATFORM-GENERATED PAYROLL REPORTS
See our new software feature below!
Monthly Expense Summary
The Expense Summary reports the actual expenses to the organization.
You'll see these terms on your report.
FICA Employer Expense
The amount of additional payroll taxes the employer will pay from Wage+ contributions.
Remodel Health Deposit
The Remodel Health Deposit is the total average withholdings cost on file so that Remodel Health has the funds necessary to make payments the month prior.
Shared Responsibility
The liability needed to set aside for the employer shared responsibility payment. This is a potential amount owed to the IRS that can take 2-3 years to be realized.
Team Benefits Total
Team Benefits are monthly costs toward additional benefits for the team, such as MEC, HRA and HSA plans.
Monthly RH Subscription Fee
The Remodel Health Fee is charged for Remodel Health’s monthly subscription.
Yearly RH Subscription Fee
The Remodel Health Yearly Fee is charged for Remodel Health’s enrollment and re-enrollment subscription.
Our Wage+ model allows organizations to provide supplemental wages to employees as a way to offset the costs of their individual health plans. In order to make this process as seamless as possible, payroll information is efficiently delivered through our Remodel Health software platform.
Each month, you will receive an email inviting you to log in to the platform and access your monthly payroll report. This secure and encrypted access will provide a high level of information in a simple dashboard!
Efficient Delivery
Secure Access
What to Expect
RECEIVE AN EMAIL
ACCESS REPORT
REVIEW CHANGES
You will receive a monthly email from Remodel Health with the subject line "Your Payroll Report Is Now Available!"
Click the button in the email that says "View Payroll Report" and log in to view information for your organization.
Review monthly changes on the report. If needed, you may also download the report as a CSV file from here.
ACCESS REPORT
A few things to keep in mind...
• A wage increase is a taxable wage (similar to salary), not a fringe benefit.
• For ADP users, Wage+ is categorized under Miscellaneous Income.
• We recommend keeping the Wage+ as a separate line item from income so it is easy to differentiate from regular pay on paychecks.
• Withholdings are a post-tax deduction, similar to life insurance or charitable contributions.
• For ADP users, Withholdings are categorized under Earning Deductions: Misc 2.
• Employers are not required to report Withholdings on a W-2. If you want to use them as a tax write-off, they could go under Box 14 (Other Info box). They would NOT go under Box 12 DD, which is for group insurance.