(Section 105 Medical Reimbursement Plans)
RBSK Partners has teamed up with TASC, a third-party administrator, to assist clients with establishing health care plans that can help them save substantial amounts in taxes. TASC has been in business for more than 40 years and is a leader in this industry. To find out if your business could benefit from one of these plans, simply call to request a meeting or request a Free Consultation using the link at the top of this page. Here is a summary of the features in these plans.
AgriPlan and BizPlan Clients save an average of more than $5,000 a year on their taxes! The key to these savings is the ability to declare medical expenses as a business expense rather than a personal deduction. BizPlan is a Health Reimbursement Arrangement (also known as an HRA) that enables qualified small business owners to deduct 100% of federal, state, and self-employment taxes for family medical expenses. If you are a realtor, trucker, or other small business owner, BizPlan may be able to help you and your family save thousands of dollars each year.
- TASC offers an industry-exclusive Audit Guarantee. TASC will defend you and assume financial responsibility for any penalty and/or interest resulting from an audit as it pertains to BizPlan if all procedures and guidelines are followed correctly and your Plan is challenged by the IRS.
- Remove the hassle of paperwork and streamline reimbursement with the TASC Card! The TASC Card streamlines reimbursement of medical expenses, validates eligible expenses, and prefills your critical Year-End Report, taking work off your shoulders and ensuring the compliance of your Plan! The TASC Card is the only one of its kind—no other administrator offers this feature for an HRA Plan. And, it’s provided by TASC at no cost to you or your employee. The TASC Card is not a credit card and you will not be charged any fees, finance charges or interest.
- Deduction Guarantee. TASC will refund 100% of your administration fee if you are a sole proprietor or other qualified business owner and do not deduct at least $2,000 in a Plan year.
- Confidence that your Plan is compliant with changing Healthcare Reform regulations. Due to the passage of the Patient Protection and Affordable Care Act (PPACA), your small business must follow a host of new regulations. TASC has you covered! BizPlan will adjust to any additional administrative changes that may become necessary in this climate of Healthcare Reform. Various Plan features help you maximize your savings and keep your Plan compliant.