Navigation Links
Zane Benefits Publishes New Information on Section 105 Owner Eligibility

Park City, Utah (PRWEB) November 16, 2013

Today, Zane Benefits, the number one online small business health benefits solution, published new information on Section 105 owner eligibility.

According to Zane Benefits’ website, pure defined contribution health benefits are growing in popularity. They are a new way to offer health benefits without the cost or complication of group health insurance. The simplest way to think about pure defined contribution is that it's an allowance employees can use on health insurance -- just like a business expense account.

Many business owners use a Section 105 medical reimbursement plan to increase their personal and business tax savings.

Section 105 Eligibility: C-Corporation Owners
C-Corporation owners may participate in the plan, and receive reimbursements 100% tax-free. C-Corp owners may use the plan to reimburse his or her insurance expenses, as well as family members.

Section 105 Eligibility: Sole Proprietors
Sole proprietors may participate in a Section 105 plan platform for tracking purposes, but will not receive reimbursements tax-free. However, if the sole proprietor is married, and the sole proprietor's spouse is a W-2 employee, then the sole proprietor can receive the benefit tax-free.

Section 105 Eligibility: Partners
Similar to sole proprietors, partners may participate in the Section 105 plan platform for tracking purposes, but will not receive reimbursements tax-free. However, if the partner is married, and the partner's spouse is a W-2 employee (but not a partner), then the partner can receive the benefit tax-free.

Section 105 Eligibility: S-Corporation Owners
S-Corporation owners that own >2% of the company's shares and their spouse, parents, children, and grandchildren, may use the Section 105 plan platform to track medical expenses, but will not receive reimbursements tax-free.

Section 105 Eligibility: LLC's
If the company is an LLC, owner participation varies based on the way the LLC files taxes.

Section 105 Eligibility: One-Person Nonprofits and Churches
One-person nonprofits and churches may participate in an Section 105 plan and receive reimbursements 100% tax-free. The plan may be used to reimburse his or her health insurance expenses, as well as family members.

Click here to read the full article.


About Zane Benefits
Zane Benefits was founded in 2006 to provide a revolutionized SaaS (Software-as-a-Service) administration platform ("ZaneHealth") for defined contribution health care. The flagship software provides a 100% paperless administration experience to small businesses and insurance professionals that want to offer better health benefits without a traditional group health insurance plan at lower costs. For more information about Zane Benefits, visit

Read the full story at

Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Talking to Yourself Could Have Mental Benefits
2. Research examines when benefits of screening mammography outweigh the harms for women in their 40s
3. Everyday fish oil capsule may provide kidney-related benefits
4. Back Pain Therapy Often Yields Early Benefits: Study
5. Benefits of Widespread Statin Use Outweigh Risks: Study
6. Accelerated chemotherapy given before surgery benefits patients with muscle-invasive bladder cancer
7. Experts call for clinical trials to test non-skeletal benefits of vitamin D
8. Flu shot during pregnancy shows unexpected benefits in large study
9. Zane Benefits Announces Wellness HRAs: A New Way to Reward Healthy Employees
10. Tai Chi increases brain size, benefits cognition in randomized controlled trial of Chinese elderly
11. MTSS-mba Membership Benefits Administration Software for Private and Taft-Hartley Employee Benefit Funds Releases New Pension Modules
Post Your Comments:
(Date:11/27/2015)... ... 27, 2015 , ... Intellitec Solutions announced today that they ... Recognized as Microsoft’s official group for end users of Dynamics SL ERP software, ... industry experts and representatives. Intellitec Solutions’ membership status demonstrates their ongoing commitment to ...
(Date:11/27/2015)... Angeles, CA (PRWEB) , ... November 27, 2015 , ... ... Commission on Accreditation of Allied Health Education Programs (CAAHEP) awarded accreditation to its Diagnostic ... list of CAAHEP accredited colleges, as only one of twelve colleges and universities in ...
(Date:11/27/2015)... ... ... Indosoft Inc., developer and distributor of the world-class Asterisk ... Term Support) into its Q-Suite 5.10 product line. , Making the change to ... of Asterisk that will receive not only security fixes, but feature and bug ...
(Date:11/26/2015)... , ... November 26, 2015 , ... ... Express Travel Representative. As a franchise owner, Somu now offers travelers, value and ... destination wedding packages, private cruise sales, as well as, cabin upgrades and special ...
(Date:11/26/2015)... ... 2015 , ... WorldCare International, Inc., the first company to ... Benefits Conference. The Employee Benefits Conference was hosted by the International Foundation of ... 2015. The conference was held at the Hawaii Convention Center in Honolulu, Oahu, ...
Breaking Medicine News(10 mins):
(Date:11/26/2015)... India , November 26, 2015 ... --> adds ... Report" and "Investigation Report on China ... and 2021 forecasts data and information ... . ...
(Date:11/26/2015)... November 26, 2015 ... addition of the  "2016 Future Horizons ... Cell Surface Marker Testing Market: Supplier ... to their offering.  --> ... of the  "2016 Future Horizons and ...
(Date:11/25/2015)...  The American Academy of Pediatrics (AAP), American ... March of Dimes cheered today,s signature into law ... of 2015 (S.799), which takes much-needed strides ... to drugs, such as opioids, and to improve ... organizations have worked together leading advocacy efforts for ...
Breaking Medicine Technology: