Section 105 of the US
tax code allows self
employed and home based business owners to
create their own medical
reimbursement plan -- and realize the same tax
advantages as big corporations. BizPlan is specifically
designed to create and administer your medical reimbursement
account for you -- simplifying the work required, and keeping
you fully in compliance with all regulations. The result
significant savings on federal, state, and self-employment
out if you qualify for a Medical Reimbursement Plan and how much you can save in yearly taxes
An IRS Code Section 105 Medical Reimbursement
BizPlan allows you to deduct 100 percent of your family’s
health insurance premiums and out-of-pocket medical,
vision and dental expenses not covered by insurance.
With BizPlan, a self-employed or home based business owner offers
an employed spouse a medical reimbursement package.
The package covers qualified costs and those incurred
by family members—which include you, the employer.
The bottom line? A 100% deduction for your family’s
medical costs. Real dollars and real savings -- the average plan participant saved $4,200 last year!
Your Self-Employment Taxes Starting Now With BizPlan
Anderson, Solo-E.com Subscriber and Biz Plan
My accountant recommended BizPlan
about 5 years ago and it has been one of the best
business decisions I've made. I save about $4000
- $5000 dollars on taxes each year. The plan covers
all health care costs even alternative medicine
as well as exercise, supplements, and massage
with a physician referral. There is some paperwork
and there are a few records to keep, but it is
not bad and well worth the time it takes to maintain
those records. BizPlan's audit ensures all my
deductions comply with the law. If you qualify
for the plan, be sure to take advantage of the
What does AgriPlan/BizPlan offer?
AgriPlan (for farmers) and BizPlan (for small business
owners) are available to business owners across
the US. Sole proprietors, corporations, limited
liability companies, and partnerships utilize the administrative
services of AgriPlan/BizPlan to save substantial tax
dollars annually. AgriPlan/BizPlan services allow businesses
to deduct 100 percent of their family health insurance
premiums and out-of-pocket medical, vision, and dental
expenses not covered by insurance.
Who qualifies for AgriPlan/BizPlan?
To qualify for AgriPlan or BizPlan, a business owner
must be able to legitimately employ his or her spouse.
(For corporations, family employment is not necessary.)
Those who qualify include sole proprietors, partnerships,
limited liability companies and corporations (including
sub-chapter S corporations).
How does AgriPlan/BizPlan work?
The spouse becomes an employee in the business. The
business owner provides the employed-spouse a compensation
package that includes a reasonable wage for necessary
business duties and a benefit package that includes
reimbursement of health care expenses. These expenses
are now a business expenses and are 100 percent deductible.
How much will I save?
The average AgriPlan/BizPlan participants save more
than $4,200 annually in taxes.
How much does it cost?
AgriPlan/BizPlan cost for most businesses is <$500 per year, depending on how many employees you have. Receive a 100% refund of your enrollment fee if you do not deduct at least $2,000 in a Plan year.
How much time does it take to set up and maintain
Setting up an AgriPlan/BizPlan is very easy. You simply
enroll in the Plan, employ your spouse by establishing
a compensation package and reimburse your employee's
medical expenses. Annual duties include submitting benefit
expenses to AgriPlan/BizPlan for review, renewing your
Plan and re-electing your benefits. AgriPlan/BizPlan
provides all the required documents and forms and toll-free
Why do I need AgriPlan/BizPlan?
AgriPlan/BizPlan, developed in 1986, simplifies the
accounting procedures and provides the administration
and documentation required to maintain a proper Section
105 Medical Reimbursement Plan. That includes a Plan
Document, an Adoption Agreement, a Required Summary
Plan Description, an annual Documentation of Benefits
Paid and a Third Party Adjudication of Claims. AgriPlan/BizPlan
also offers an Audit Guarantee to all Participants.
Don't Wait -- Save Now with BizPlan