Navigation Links
Zane Benefits Publishes New Information on Section 105 Owner Eligibility
Date:11/16/2013

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 http://www.zanebenefits.com.

Read the full story at http://www.prweb.com/releases/2013/11/prweb11325513.htm.


'/>"/>
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:
*Name:
*Comment:
*Email:
(Date:6/25/2016)... ... June 25, 2016 , ... ... and applications at AcademyHealth’s Annual Research Meeting June 26-28, 2016, at the Hynes ... important health care topics including advance care planning, healthcare costs and patient and ...
(Date:6/25/2016)... ... June 25, 2016 , ... "With 30 hand-drawn hand gesture animations, FCPX users ... - CEO of Pixel Film Studios. , ProHand Cartoon’s package transforms over 1,300 ... Pro X . Simply select a ProHand generator and drag it above media or ...
(Date:6/25/2016)... Oklahoma (PRWEB) , ... June 25, 2016 , ... ... both athletes and non-athletes recover from injury. Recently, he has implemented orthobiologic procedures ... Oklahoma City area —Johnson is one of the first doctors to perform the ...
(Date:6/24/2016)... ... 2016 , ... A recent article published June 14 on E ... goes on to state that individuals are now more comfortable seeking to undergo not ... as calf and cheek reduction. The Los Angeles area medical group, Beverly Hills Physicians ...
(Date:6/24/2016)... ... June 24, 2016 , ... Marcy was in a crisis. Her son James, eight, was ... his family verbally and physically. , “When something upset him, he couldn’t control his emotions,” ... He would throw rocks at my other children and say he was going to kill ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... and SAN CLEMENTE, Calif. , June ... -based mobile pulmonary function testing company, is now able to ... devices developed by ndd Medical Technologies , Inc. ... done in hospital-based labs.  Thanks to ndd,s EasyOne PRO ® , ... , can get any needed testing done in the comfort of ...
(Date:6/24/2016)... 2016   Pulmatrix, Inc ., (NASDAQ: ... drugs, announced today that it was added to the ... its comprehensive set of U.S. and global equity indexes ... important milestone for Pulmatrix," said Chief Executive Officer ... our progress in developing drugs for crucial unmet medical ...
(Date:6/23/2016)... 2016  MedSource announced today that it has ... solution of choice.  This latest decision demonstrates MedSource,s ... their clients by offering a state-of-the-art electronic data ... nowEDC as the EDC platform of choice in ... "nowEDC has long been a preferred EDC platform ...
Breaking Medicine Technology: