Health Incentive Plan

[Guest JohnPay]

Our payroll processing company, The Business Office, has been asked by a number of clients who want to install a program referred to as the Health Incentive Plan or HI Plan.

We are aware of the warnings put out by many benefits and tax experts against using the version of the HI Plan that is marketed by the Redwood Group (TRG) and are lead to believe that the IRS and state Depts. of Insurance will be taking action against that plan.

However, these clients want to use the HI Plan from Burns & Assoc. and not the TRG version and further indicated the Burns plan is the original HI Plan and has a patent pending.

Has anyone had any feedback or opinions from legal advisors on the Burns HI Plan? Our clients have favorable opinions from their legal advisors and we have not been able to get any negative responses from the sate DOI that we contacted nor the IRS.