Section 105 medical reimbursement plans, such as Healthcare Reimbursement Plans, offer employers a way to reimburse employees for individual health insurance.
Using a tax-free reimbursement plan helps a business save on taxes, manage costs, and get in compliance. For example, businesses who currently give employees money for health insurance are adopting formal reimbursement plans to avoid new penalties, which start July 1, 2015.
Wondering what a sample medical reimbursement plan looks like?
This article outlines a sample plan design for a Section 105 medical reimbursement plan.
