Tax-Advantaged Healthcare Reimbursement Plans for Small Businesses
TASC’s Microbusiness Division serves small business owners helping to administer compliance and benefit options. TASC offers a variety of compliant solutions regardless of whether or not you sponsor Group insurance. Here is a summary of the features in these plans.
• Section 105 Health Reimbursement Arrangement (HRA) allows qualified small business owners to deduct their family’s out-of-pocket medical expenses as business tax deductions. The average BizPlan/AgriPlan Client saves over $5,800 each year! TASC also offers an industry-exclusive Audit Guarantee, Deduction Guarantee, and a TASC Card to make medical expense reimbursement as easy as the swipe of a debit card.
• TASC Universal Benefit Account enables employers with fewer than 50 employees to create an Employee Benefits Packages that allows Employees to participate in pre-tax reimbursements based on their personal/household healthcare situations. This Plan provides a tremendous opportunity for small employers who don’t offer Group insurance but want to help their employees offset ever-rising healthcare costs. Learn more…
RBSK Payroll and TASC have jointly consulted and installed many benefit plans for clients saving them thousands in tax dollars. There are almost no client situations that couldn't benefit from a consultation on how their business is spending and deducting medical expenses.