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Create an employee-spouse “105-HRA”

April 18, 2024

Create an employee-spouse
“105-HRA”

To get my complete article
with all the details…

It’s a fact…

The Affordable Care Act doesn’t apply to a business that has only one employee.

That’s good news is your spouse is that employee. Your spouse (and you) can benefit from what I call a “105-HRA” (Health Reimbursement Arrangement).

When you design it for your spouse, the plan reimburses him/her for family medical expenses. The reimbursements are business-expense deductible on your tax return as employee welfare benefits!

(There’s also a solution for single-business owners too.)

Want to find out more about how to unlock the power of a 105-HRA? Read my new article Updated Blueprint for Employee-Spouse 105-HRA (Health Reimbursement Arrangement).

Three ways our fact-filled article can help you:
  • We’ll tell you if you qualify for a 105-HRA. The first step is to have just one employee (your spouse!). The second step is to operate your business in one of five forms. We’ll tell you what they are when you Read the FULL article.
  • We’ll explain how the reimbursement process works. Your 105-HRA can reimburse the eligible employee for medical expenses listed in IRS Section 213(d). But don’t worry. We’ve done all the research for you and will explain the reimbursement game in easy-to-understand language when you Read the FULL article.
  • You’ll learn documentation strategies that will keep you out of trouble. Careful! The IRS may want you to prove that your spouse really is an employee. We’ll tell you several easy things to do to stay on the right side of the law. All will be explained when you Read the FULL article.

CLICK HERE to read my completely new article titled:

Create an employee-spouse
“105-HRA”

Filed Under: Corporations, Employees, Filing tips, Fringe Benefits, Payroll, Records, Section 105 medical plan, Spouse, Tax Planning

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