Besides customizing a more attractive benefits package, you may be able to offer the business owner a tax advantage. A properly structured Medical Reimbursement plan can qualify as a tax deduction for the employer and non-taxable income for the employee.
As always, it is strongly recommended that clients seek the advice of their tax attorney when considering a Medical Reimbursement Plan.
Recently, the Internal Revenue Service decided to allow prescribed weight-loss programs (with limitations) to be covered by flex accounts. Will the medical reimbursement plan also cover weight-loss?
