Health Care Spending Account - What Would My Accountant Tell Me? - BeniPlus
1-888-859-3579

Instant Sign-Up

  • Fill in some basic information and we will date-stamp your account and send you an email with everything you need to get started. You and your employees will then be eligible to claim healthcare and wellness expenses incurred after the date-stamp. All you will need to do is fill in the online paperwork and you will be ready to go.
    I hereby confirm that I am the owner of the company or authorized by the owner of the company to set up a group benefit plan for the company.
  • This field is for validation purposes and should be left unchanged.

Download Our White Paper

  • Thank you for requesting our white paper. Fill out this form to download it now.
  • This field is for validation purposes and should be left unchanged.

Resources and Blog

If you own the business, your accountant will tell you that the reimbursement, any fees and taxes are a deductible business expense.

What Would My Accountant Tell Me?

For owners, any amount reimbursed for their own personal medical expenses, like dental cost, prescription drugs, etc., is not part of their taxable income.  In other words, this is rare business expense that is both deductible to the business and not considered taxable income to someone who is both an owner and employee.  Your accountant would also tell you the reimbursements are not added to your employees’ taxable income.  So, your employees need to know this is a great benefit and extremely tax efficient form of compensation.

Please follow, like and share:    

Related Post