The Affordable Care Act (Obamacare) is about 20,000 pages long. So if you haven’t personally read the passages dealing with changes to Section 105 medical reimbursement accounts (HRAs), no one can blame you.
Luckily for you, we’ve done the research on the subject and are happy to share it with you.
The punch line is that there’s good news and there’s bad news.
If you are concerned about how Obamacare will affect you and your employees, don’t miss my brand new article titled Tax Tips: 2014 Attack by Obamacare on Section 105 Medical Plans (HRA Plans).
Three ways our fact-filled article can help you:
- We’ll tell you the good news. If you operate your business as a sole proprietor or as a C corporation, you can still enjoy big tax benefits — if you meet certain requirements. We’ll tell you what they are when you read the full article.
- We’ll also tell you the bad news. Under the new Obamacare rules, a group health plan (the one that covers two or more employees) could spell trouble for you. We’ll tell you three facts you’ll have to face when you read the full article.
- You’ll learn how to take advantage of some valuable tax credits. The new law wants to encourage small employers to cover employees with health insurance (inside or outside the Section 105 plan). As a result, Obamacare makes available some juicy tax credits… but only under some circumstances. You’ll get all the details when you read the full article.