If you own your business and have at least one employee, a great way to obtain the maximum tax deductions possible for health care insurance and other medical expenses is to establish a health reimbursement arrangement for your employees, which can include you and/or your spouse. There are three types:

105-HRAs, which are available where your spouse is your only employee; see Triple Tax Advantages: Reimburse Employee-Spouse for Health Insurance

Qualified Small Employer Health Reimbursement Arrangements (QSEHRAs); see Get Your QSEHRA Health Plan in Place Now

Individual Coverage Health Reimbursement Arrangements (ICHRAs); see ICHRA: Game Changer for Small Business Health Benefits

All three types of HRAs come with a pesky annual filing requirement: each year, you, the plan sponsor, must ... Log in to view full article.