IRS Publication 502, Medical and Dental Expenses, defines medical care for the purpose of deducting medical expenses and reimbursing medical expenses through programs such as HSAs and HRAs. Health Reimbursement Arrangements, or HRAs, are defined contribution plans through which employers can reimburse their employees for eligible medical expenses.
Medical expense benefit plans offer employers a way to help employees with medical and health insurance expenses. Popular among smaller employers, medical expense benefit plans offer employers an affordable and attainable way to offer employee health benefits. To help business owners wrap their head around how these type of benefit plans work, this article provides a two-minute guide to medical expense benefit plans.
Reimbursement of employee medical expenses is a common practice, especially among small employers looking for more affordable health insurance solutions. There are several ways to go about employee medical expense reimbursement, so what is the tax treatment? Here’s a look at the tax treatment for different reimbursement scenarios.
Rounding out our top employee health benefits and insurance articles of 2013, here's a look at our top articles on medical and premium reimbursement of 2013. These represent our most read, most commented on, and most shared articles on medical and premium reimbursement this year.
Hamilton County’s Medical Expense Reimbursement Plan (MERP) aims to keep health benefits for all eligible employees while dramatically cutting costs for the county, which is in deep financial trouble. Hamilton County’s Medical Expense Reimbursement Plan (MERP) aims to keep health benefits for all eligible employees while dramatically cutting costs for the county, which is in deep financial trouble.
Section 105 of the IRS code allows small business owners to pay for medical expenses tax-free. With a Section 105 medical reimbursement plan, an employer can reimburse an employee for medical and insurance expenses. These can be expenses incurred by the employee or his or her dependents, but they must be allowed under the plan document, which is created by the employer and outlines the expenses eligible for reimbursement.
New Rules for HRA Debit Cards The Internal Revenue Service has issued new guidance allowing the continued use of health flexible spending arrangement (FSA) and health reimbursement arrangement (HRA) debit cards for the purchase of prescribed over-the-counter medicines and drugs.
Disclaimer: The information provided on this website is general in nature and does not apply to any specific U.S. state except where noted. Health insurance regulations differ in each state. See a licensed agent for detailed information on your state. Zane Benefits, Inc. does not sell health insurance.