Private schools across the U.S. are always looking for ways to offer better benefits to their teachers and staff. But managing benefits while staying within budget can be a challenge. That’s where the Elevate+ program comes in.

It’s not your typical IRS Section 125 plan. It’s much more than that. Elevate+ leverages IRS Section 125, and combines it with two powerful healthcare components: the Preventative Care Management Plan (PCMP) and the Self Insured Medical Reimbursement Plan (SIMRP). This makes it one of the most compliant and benefit-rich programs available today.

In this blog, we’ll explain in simple words how Elevate+ works and how private schools can benefit from it.

What Is an IRS Section 125 Plan?

An IRS Section 125 plan is a type of benefit that lets employees pay for things like healthcare and insurance using pre-tax money. This means their taxable income goes down, and they get to keep more money in their paycheck each month. These plans are often called “Cafeteria Plans” because employees can choose the benefits that work best for them.

Now, here’s where Elevate+ is different. It’s not just a regular Section 125 plan. Elevate+ includes Section 125, but it also adds two powerful extras, special healthcare support and extra insurance options. This means your staff gets more coverage, better care, and bigger savings, all in one easy-to-manage plan.

What Makes Elevate+ Different?

Elevate+ is a smart and simple benefit plan created for school staff. It helps private schools take better care of their teachers and employees without increasing their costs. The plan brings together tax savings, health support, and extra insurance in one easy package.

• IRS Section 125 Benefits: Employees can use part of their salary before taxes to pay for healthcare and insurance. This helps them take home more money each month. Private schools also save money on payroll taxes, so both sides benefit.
• Preventative Care Management Plan (PCMP): This part of the plan focuses on helping employees stay healthy all year long. It includes things like free telehealth visits, wellness check-ins, and mental health support with no copay. It’s all about keeping your staff well and stress-free.
• Self Insured Medical Reimbursement Plan (SIMRP): This gives employees extra help when they face serious health issues. It can cover costs for things like critical illness, disability, or life insurance. It’s a safety net that offers peace of mind for them and their families.

Why Should Private Schools Care?

Private schools usually have small budgets, which makes it difficult to offer good employee benefits. Elevate+ helps by giving schools a smart way to support their staff without spending extra. It saves money and brings real value, both for the school and for the employees.

Here are the benefits it offers to employers:

• Schools can save around $600 each year for every full-time employee.
• There’s no out-of-pocket cost for the school to start using Elevate+.
• Healthcare claim costs can drop by up to 5-10%.
• The setup is quick and simple. 
• It helps schools keep good teachers by improving job satisfaction.
• The savings show up fast and help improve the school’s budget right away.

Here are the 125 plans employee benefits:

• Staff members can get 3 to 4 percent more in their take-home pay, which adds up to about $100 extra each month.
• They pay nothing for virtual doctor visits, wellness check-ins, and mental health support.
• They get access to Mayo Clinic tools and a personal health dashboard to track their well-being.
• They’re covered for couple counseling, addiction recovery support, and diet and stress program 
• They can also choose to include their spouse and children in the plan.

Why Is It a Win-Win?

Most benefit plans require trade-offs. If you want better coverage, it often costs more. If you want to save money, you might have to reduce benefits.

But with Elevate+, private schools don’t have to choose. This program gives strong employee benefits while delivering real savings for the school.

It’s designed to help attract and keep great teachers and staff, while also being smart about school finances.

Final Thoughts: New Section 125 Regulations for Private Schools

Private schools now have a smart and affordable way to offer better benefits through Elevate+. This unique program uses IRS Section 125 along with powerful tools like a Preventative Care Management Plan and Self Insured Medical Reimbursement Plan. It helps schools save money, improve employee satisfaction, and stay fully compliant with new rules. Employees get more take-home pay, extra coverage, and access to wellness tools they can actually use. If you want to attract and keep great staff while protecting your budget, Elevate+ is the solution. Now is the perfect time to explore how it can work for your school.

Want to See How Elevate+ can Help Your School?

Want to save money and give your team better benefits? Talk to us today. Book your quick 10-minute call or get a free proposal now. It’s simple, fast, and can make a big difference for your business.