About buoy CHAMP
What Is Buoy CHAMP and Why Is It Different?
The CHAMP Plan, powered by Buoy, is an employer-sponsored health benefit designed to make everyday care easier to access while helping businesses manage the cost of offering stronger benefits.
Employees receive practical healthcare they can actually use, including $0 copay primary care, urgent care, telemedicine, mental health support, prescriptions and preventive services. Instead of waiting until a serious medical issue develops, employees have a simpler way to get routine care when they need it.
For employers, Buoy CHAMP uses an established Section 125 payroll structure that can create payroll tax savings. Those savings help offset the cost of the program, allowing many businesses to improve benefits without adding the same financial pressure associated with traditional health plan increases.
How the Structure Creates Value
The basic idea is simple:
- The employer adds the Buoy CHAMP Plan to its benefits strategy
- Eligible employees enroll and receive access to the included healthcare services
- The Section 125 structure adjusts how participating benefits are handled through payroll
- The resulting tax efficiencies can help reduce employer payroll costs and may improve employee take-home pay
- Buoy and its plan partners manage the analysis, implementation, payroll coordination, employee onboarding and ongoing support
Actual results depend on the employer’s payroll, workforce, eligibility and employee participation. That is why every business begins with a guided review before moving forward.
Your Role as a MyGig Certified Reseller
You do not need to design the plan, explain the tax code or manage implementation.
Your role is to recognize businesses that need a better benefits strategy and make the introduction through MyGig. From there, the specialized Buoy CHAMP team evaluates the opportunity, prepares the employer’s impact analysis, explains the structure and manages the process directly with the business.
You open the relationship. The experts handle the details.