Yes, we wrote about this last year.
But you may not have read it last year, or you may not have put it on your calendar or agenda for payment this year.
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:
1.
Section 105 Health Reimbursement Arrangements (105-HRAs), which are available where your spouse is your only employee; see Triple Tax Advantages: Reimburse Employee-Spouse for Health Insurance
2.
Qualified Small Employer Health Reimbursement Arrangements (QSEHRAs); see Get Your QSEHRA Health Plan in Place Now
3.
Individual Coverage Health Reimbursement Arrangements (ICHRAs); see ICHRA: Game Changer ... Log in to view full article.
