Search Help


Enter one of more keywords to search. Use quotes for “exact phrase.” Note that '*' and '?' wildcards are supported.

When your search results appear, you can refine your search further: Sort for only results in which all search terms appear AND/OR sort by chronological order.

Article Date:
May 2015


Word Count:
954

 

 

Make Employees Happy with Dental and Vision Benefits Using a Loophole in Obamacare


Estimated tax tip savings. Reimburse your employees for dental and vision expenses without paying for group insurance and without facing the $100-per-day Obamacare penalties.

 

If you used to provide a Section 105 plan to your employees to reimburse medical expenses, you know how wonderful these plans are—they are the simplest and most cost-effective medical plans available for your business.

 

But you may also know that Obamacare imposes big penalties on your Section 105 plan if

 

1.

you have more than one employee who is eligible to participate in the plan, and

2.

you don’t also offer group health insurance.

 

Fortunately, if you fall into this no-go zone, you should know there’s a big loophole—or exception—that you can use to continue offering a Section 105 plan to your employees. If you limit the scope of your Section 105 plan so that it covers only “excepted benefits” such as dental and vision, you do not have to meet the Obamacare rules or risk the penalties.1

 

The best news yet? You’ll love how easy and inexpensive it is to implement one of these limited-scope Section 105 plans using the free template we provide ... Log in to view full article.

Log in to view full article
Already a subscriber?
 
Email Address

 
Password

Log In

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
 
with a money-back guarantee



 

SS