It's tax season. And business owners are reminded of how much they pay. They are probably wondering how they can get more tax breaks, including on healthcare expenses.
Now's the perfect time to introduce executive medical reimbursement insurance plans. Why? They're tax-advantaged* win-wins because:
- Premiums are a tax-deductible business expense.*
- Benefits received by employees are non-taxable.*
- They help meet business owners' specific benefit needs and wants with coverage for elective executive physicals, crowns, dental implants, well-being treatments and more.
With tax increases on the horizon, these insurance plans will be even more valuable for owners and executives seeking ways to lower their tax burden.
You can help when you know the four key win-wins this overview reveals. Share them with clients while tax season is fresh in their minds.
For questions or an Ultimate Health quote, please contact your B&P Sales Rep – 888.722.3373.
*This is not local, state or federal tax advice as each person and each company is unique. It is recommended that you seek the independent counsel of a professional tax adviser.