BizPlan (Section 105 Medical Reimbursement Plan)

Section 105 of the US tax code allows self employed and home based business owners to create their own medical reimbursement plans -- and realize the same tax advantages as big corporations. BizPlan is specifically designed to create and administer your medical reimbursement plan for you -- simplifying the work required, and keeping you fully in compliance with all regulations. The result is real money—a significant savings on federal, state, and self-employment taxes.

View a short movie (5.30) explaining how BizPlan works

How It Works

An IRS Code Section 105 Medical Reimbursement Plan, 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 in excess of $2,000 a year.

For Home Based Business Owners, BizPlan Offers Real and Significant Advantages

	Significant reduction of federal, state, and self-employment taxes
	100% deduction of all health insurance premiums, including long-term care and spouse’s disability policies
	100% deduction of all uninsured medical, dental, and vision expenses
	Deductions of term life insurance premiums (up to $50,000 in coverage)
	The ability to check your year-end totals on-line or via BizPlan’s voice response system
	Industry-exclusive Audit Guarantee
	Our 15+ years of experience in administering these plans brings valuable insights and streamlined procedures

BizPlan Also Offers These Unparalleled Administrative Advantages

	Complete documentation and compliance with IRS, DOL, and ERISA
	Efficient processing of eligible expenses -- including the NEW Benefits Card that reduces your out-of-pocket expense and streamlines claims processing
	Comprehensive updates of changes affecting your Plan
	Support and guidance via a toll-free hotline
	Timely mailing of year-end summary statements which are required for tax preparation
	NEW! Payroll Administration Services automatically process your payroll, provide complete record-keeping and tax filing information, and guarantee compliance with all IRS requirements.

Your Obligations

	Complete the necessary tax forms, working with your tax advisor, if applicable
	Formalize the employment relationship with your spouse
	Establish a checking account for your spouse or family that is completely separate from your business account
	Reimburse eligible employees for family medical insurance premiums, out-of-pocket medical expenses, and other qualified expenses
	Send one form per employee to AgriPlan/BizPlan for our review at year-end
	Keep good records for your business, separate from your personal accounts

Plan Features

Get Started

Download the application form
Contact: Tom Pugliano Total Administrative Services Corporation 800-422-4661, Ext. 4354 tomp@tasconline.com
Solo-E.com is a registered wholesaler for BizPlan. We'd appreciate it if you would use the form above with our provider number, or mention Solo-E or our provider number (TAS-00-5811), when you contact TASC.

Frequently Asked Questions

What does AgriPlan/BizPlan offer?
AgriPlan (for farmers) and BizPlan (for small business owners) are Internal Revenue Code Section 105 Medical Reimbursement Plans available to business owners across the nation. 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 $2,450 annually in taxes. Last year, AgriPlan/BizPlan participants collectively deducted nearly three hundred million dollars from their taxes.

How much does it cost?
AgriPlan/BizPlan cost $195 per year. Additional employees can be added to Plan for $50.

How much time does it take to set up and maintain the Plan?
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 support.

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