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  MRP 105  

MORE INFORMATION ABOUT SECTION 105

What is a Section 105 Medical Reimbursement Plan?
What kind of expenses are covered?

What is a Section 105 Medical Reimbursement Plan?

We will illustrate to the self-employed the potential tax-saving advantages of creating a Section 105 employer sponsored benefit plan for your business. Simply put, a Section 105 plan allows most medically related expenses, including health insurance premiums, to become tax deductible!

It should be noted at this time that, the processes used by SSG in establishing and administrating your Section 105 plan are recognized by the IRS as legitimate, as are any tax savings that may result through your participation in the plan, provided that you follow a few simple rules and documentation procedures. So, let's move ahead and explore some specifics of a SSG administered Section 105 benefit plan.

Plan Administration
In order for a Section 105 plan to be properly executed, there are certain responsibilities that must be carried out by the employer, the employees, and the third party administrator (SSG).  The purpose of this section is to explain those commitments in a clear and orderly fashion.  Completing the following actions promptly, and, when necessary, regularly, should permit the administrator of your plan to proceed within the standards acceptable to the IRS.

How a Section 105 Plan is Established
Section 105 of the federal tax code* permits the creation of employer-sponsored employee welfare benefit programs for the specific purpose of allowing employers to deduct from their taxes the cost of non-insured medical expenses and health insurance premiums.  For the IRS to accept your plan as legitimate, there are several rules that should be followed.  This is where our experience and expertise is of most value to you.  By completing our simple application, we will set up your Plan completely so that it follows all IRS Guidelines.

Service Provided to Clients
The following services are provided to all Clients who enroll and remain active with the Medical Reimbursement Plan.

  • Confidential analysis to determine eligibility and estimated net savings

  • Specimen Medical Reimbursement Plan Document

  • Enrollment Data

  • Specimen Employment Contract

  • Log of Employee Work Hours (if necessary)

  • Letter to Insurance Carrier

  • Quarterly Questionnaire

  • Quarterly Summary of Benefit

  • Annual Report of Medical Benefits

  • Transmittal letter to Client tax return Accountant

What Kind of Expenses are Covered?

  • Acupressure
  • Acupuncture
  • Aerobics – Prescribed
  • Allergies
    • Injections
    • Medications
    • Testing
    • Treatment
    • Other
  • Ambulance – Air or Ground
  • Automobile Modification
    • Controls
    • For Wheelchair
    • Other
  • Back Treatments
    • Cervical
    • Lumbar
    • Thoracic
  • Birth Control
    • Condoms
    • Devices
    • Pills
  • Breathing Aids
  • CAT Scans
  • Chemotherapy
  • Child Birth
    • Birthing Classes
    • Complications
    • Counseling
    • Delivery
    • Lamaze
    • Midwife
    • Post-partem Care
    • Prenatal Care
    • Sonograms
    • Water Birthing
    • Chiropractic
  • Christian Science Treatment
  • Clothing Due to Prescribed Regimen
    • Athletic Shoes
    • Athletic Wear
    • Gowns
    • Socks
    • Stockings
    • Other
  • Counseling
  • Crisis Intervention
  • Custodial Care for Medical Condition
  • Dental Care
    • Analgesics
    • Anesthetics
    • Appliances
    • Braces
    • Bridge Repairs
    • Caries Susceptibility
    • Tests
    • Crown Build-ups
    • Crowns
    • Cyst or Tumor
    • Removal
    • Deep Root Planing
    • Dental Gum
  • Dental Visits
    • Endodontist
    • General Dentist
    • Orthodontist
    • Pedodontist
    • Periodontist
    • Denture Adjustments
    • Denture Rebase
    • Denture Reline
    • Denture Repair
    • Denture Tissue Conditioning
    • Dentures
    • Diagnostic Casts
    • Disclosure Tablets
    • Endodonitic Hemisections
    • Extractions
    • Fillings
    • Fluoride Treatments
    • Gingivectomy
    • Implants
    • Inlays
    • Interim Partials
    • Nutritional Counceling
    • Occlusal Guards
    • Oral Evaluations
    • Partials
    • Pin Retention
    • Pontics
    • Post & Core Casts
    • Post & Core Pre-fabs
    • Pulp Caps
    • Pulp Vitality Test
    • Pulpotomies
    • Root Amputation
    • Root Canals
    • Root removals
    • Soft-tissue Grafts
    • Space Maintainers
    • Teeth Cleanings
    • Temporary Crowns
    • Water Picks
    • X-rays
  • Diagnostic Services
  • Diets-Prescribed
    • Lactate Free
    • Low Cholesterol
    • Low Sodium
    • Weight Loss
    • Other
  • Electrical Impulse Therapy
  • Electrolysis
  • Emergency Medical Alert Devices
  • Emergency Room Visits
  • Exercise Equipment Prescribed
  • Family Counseling
  • Fees
    • Legal for Treatment of Mental Illness
    • Memberships Health Clubs & Programs- Prescribed
    • Patient Advocates
    • To Access Health Services
    • To Obtain Health Services
    • Tutoring
      • Due to Handicap
      • Due to Medical
      • Condition
      • Remedial Reading
  • Foot Care
    • Bunion Pads
    • Corn Pads
    • Insoles
    • Medicated Powder
    • Orthopedic Shoes
    • Shoe Pads
    • Toenail Trimming – Diabetes
  • Guide Animals & Upkeep
  • Hair
    • Removal
    • Restoration
    • Transplants
  • Halfway House
  • Health Club – Prescribed
    • Dues
    • Gear
    • Special Shoes
    • Special Clothing
  • Hearing
    • Attendant for Deaf Person
    • Hearing Aid Animal & Upkeep
    • Hearing Aids, Batteries & Maintenance
    • Hearing Exams
    • Lip Reading Lessons
    • Mechanical Device Assistance & Maint.
    • Notetaker for Deaf Student or Worker
    • Signing Lessons
    • Special Educational Costs
    • Telephone – Specially Equipped
    • Television – Closed Captioned
    • Visual Alert System
  • Heat Therapy
  • Home Health Care
  • Home Modification For Med. Reasons
    • Air Conditioner
    • Air Filters
    • Asbestos Removal
    • Elevator/Escalator
    • Filters
    • Handrails
    • Lead Paint Removal
    • Microwave for Dialalysate
    • Plumbing Fixtures
    • Ramps
    • Reclining Chair
    • Therapeutic Mattresses
    • Wheelchair Passage
    • Other
  • Homeopaths
  • Hospice Care
  • Hospitalizations
  • Hypnotherapy
  • Infertility
    • Dependent In Vitro Surrogate
    • Diagnosis
    • Shots
    • Sperm Storage Within Plan Year
    • Surgery
    • Treatment
    • Other
  • Infrared Therapy
  • Insurance
    • Coinsurance
    • Co-Payments
    • Deductibles
    • Expense Limitations
    • Non-Covered Services
    • Not Paid Under Sec. 125
      • Accident
      • Cancer
      • Critical Illness (Health not Life)
      • Dental
      • Employee Assistance Program
      • Health
      • Heart & Stroke
      • HMO
      • Medical
      • Mini-medical
      • Vision
      • Other
  • Ionic Therapy
  • Kinesiology
  • Lab Fees
  • Laetrile
  • Learning Assistance Due to Disability or Medical Condition
    • Counseling
    • Materials
    • Schools
    • Tools
    • Tutoring
  • Living Assistance – Medically Necessary
  • Lodging Needed for Medical Care($50/night)
  • Magnetic Therapy
  • Massage Therapy
  • Meditation Therapy
  • Medical Alert Bracelet
  • Medical Doctors
    • Allergists
    • Anesthesiologists
    • Cardiologists
    • Endocrinologists
    • Gastroenterologists
    • General & Family Practitioners
    • Geriatric Specialists
    • Gynecologists
    • Hematologists
    • Immunologists
    • Internal Medicine Specialists
    • Neurologists
    • Neurosurgeons
    • Obstetricians
    • Oncologists
    • Orthopedists
    • Otorhinolarygonogist (Ear, Nose, Throat)
    • Pain Specialist
    • Pediatricians
    • Proctologists
    • Psychiatrists
    • Psychoanalysts
    • Pulmonologists
    • Reproductive Endrinologists
    • Surgeons
    • Urologists
  • Medical Equipment
    • Abdominal Binder
    • Artificial Limbs
    • Blood Pressure Kits
    • Braces
    • Canes
    • Commodes
    • Durable Medical Equipment
    • Glucometer
    • Hearing Aids
    • Heating Pads
    • Home Dialysis Machine
    • Oxygen & Equipment
    • Thermometer
    • Walkers
    • Wheelchair
    • Whirlpools
  • Medical Information Cards
  • Medical Information Plans
  • Medical Office Visits
  • Medical Supplies
    • Bandages
    • Colostomy Supplies
    • Diapers
      • Disposable due to Neuroses
      • Due to Incontinence
    • Elastic Bandages
    • Emiesis Basins
    • Insulin & Supplies
    • Masks
    • Portable Seitz Bath
    • Psoriasis
  •  
    • Splints
    • Surgical Scissors
    • Suture Removal Kit
    • Antacids - Prescribed
    • Anti-anxiety Aids
    • Anti-depressants
    • Diaper Rash Creams, Ointments, etc.
    • Enemas
    • Hemorrhoid Cream, Pads
    • Nuproxen Sodium
    • Pain Medications - Prescribed
    • Sleeping Aids - Prescribed
  • Menopausal Therapies
  • Mental & Nervous
  • Disorders
    • AAA
    • Alcoholism
    • Anger
    • Anorexia
    • Anxiety
    • Bulimia
    • Codependency
    • Counseling
    • Day Care
    • Depression
    • Drug Addiction
    • Gambling Addiction
    • Inpatient
    • Other Addictive Disorders
    • Other Conditions
    • Outpatient
    • Sex Addiction
  • MRIs
  • Musical Instruments & Lessons for Malocclusions
  • Natural Remedies
  • Naturopaths
  • Nursing Care
  • Nursing Home
  • Osteopaths
  • Pain Medications
  • - Prescribed
  • Patterning Exercise for Handicapped
  • Physical Therapy
  • Prescribed Drugs & Medical Supplies
  • Prosethetics
  • Psychiatric Facility
  • Psychiatry
  • Psychologist
  • Psychotherapy
  • Radiation Therapy
  • Reading Assistance
    • Braille
    • CDs
    • DVDs
    • Remedial
    • Tapes
    • Tutoring
  • Reconstructive Surgery
  • Rehabilitation
  • Relaxation Therapy
  • Respiratory Therapy
  • Respit Care
  • Rest Home
  • Retirement Home
  • Retirement Home - Prepaid
  • Running - Prescribed
  • Sanitarium
  • Schools – Special Due to Handicap
  • Sexual Dysfunction
    • Counseling
    • Lubricants
    • Other - Female
    • Other - Male
    • Pills
    • Suppositories
    • Treatments
    • Vacuum Pumps
  • Smoking Cessation
    • Classes
    • Gum
    • Hypnosis
    • Patches
    • Pills
  • Sonic Therapy
  • Sonograms
  • Speaking Assistance
  • Sports Medicine
  • Sterilization
  • Swimming Pool or Spa for Treatment
  • Taxi Fare to Obtain Health Care
  • Therapeutic Touch
  • Thyroid Treatment
  • Traction
  • Transplants & Donor’s Cost
  • Travel Necessary for Medical Care
  • Tuition .
    • Due to Handicap
    • Portion for Medical Assistance
    • Remedial Reading
  • Urgent Care Visits
  • Vibration Therapy
    • Chair
    • Handheld
    • Other
    • Pad
  • Vision
    • Contact Lenses
    • Cleaning Solution
    • Moistening Solution
    • Replacement Insurance
    • Eye Exercises
    • Eyeglass Fittings
    • Eyeglasses
    • Field of Vision Testing
    • Glaucoma Treatments
    • Laser Surgery
    • Office Visits
    • Ophthalmologist
    • Opticians
    • Optometrist
    • Pressure Testing
    • Refractive Exams
    • U/V Protection
    • Vision Screening
  • Vitamin Therapy
  • - Prescribed
  • Walking - Prescribed
  • Weight Loss - Prescribed
    • Classes
    • Counseling
    • Pills
    • Prescribed Diets
    • Procedures
    • Programs
    • Surgeries
    • Therapies
  • Wellness
    • Aromatherapy -  Prescribed
    • Health Club – Prescribed
    • Herbal Therapy - Prescribed
    • Light Therapy - Prescribed
    • Mammograms
    • Pap Smears
    • Pelvic Exams
    • Prostate Exams
    • Well-baby Visits
  • Wig Due to Disease
  • X-rays

 

 

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