Many entrepreneurs don’t realize it but as small-business owners we have more options to save on healthcare costs than any other group of Americans. The tax-planning and cost-saving strategies can be phenomenal.
Millions of Americans are unaware of the power of an HRA or “Health Reimbursement Arrangement”, in fact, many don’t even know that they exist.
You thought it was the Holiday Season, but it’s actually “Health Insurance Season”.
This is a very important question and something we often analyze for clients in our office. In fact, many clients rush to put their spouse on payroll, but for the wrong reasons and it could actually be a costly mistake.
This boils down to taxpayers reporting if they got a credit, how much, and if not, did they pay for their insurance and did they avoid the ‘penalty’ for not caring insurance under the ACA.
With all of the news coverage, opinions and justifiable confusion with implementation of its final stages, I would like to provide some strategies that can help you through this maze.
As small business owners, we have more options than any other group of Americans to save on health care costs. The tax planning and well as cost saving strategies can be phenomenal.
I want to be completely independent when I say that Long Term Care Insurance is something everyone over 50 needs to carefully consider.