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The BASE® Section 105 Health Reimbursement Arrangement is a great method of increasing tax savings for small business owners. A Section 105 plan can be administered to many different types of small businesses. Below, you will find a listing of business types along with Section 105 plan qualification requirements for each.
It is important to note that this listing is NOT comprehensive. If you are still not sure whether or not your small business qualifies for our Section 105 Health Reimbursement Arrangement, you should contact one of the BASE® Benefit Specialists toll-free at 888-386-9680.
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BUSINESS TYPE
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QUALIFICATIONS
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- Must be married.
- Must have a spouse who provides legitimate services to the business, even part-time.
- Must pay for all or some of the family medical expenses.
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- Must be married.
- Must have a spouse who provides legitimate services to the business.
- May NOT be partners with their spouse.
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- Need NOT be married.
- Must pay for all or some of the family medical expenses.
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- Need NOT be married.
- Must pay for all or some of the family medical expenses.
- Must be taking a W-2 salary from the business.
- Wages must be subject to social security tax.
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- If LLC, please determine your federal income tax designation for eligibility qualification.
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As you can see, each type of small business has its own rules regarding health
reimbursement arrangements. If you have any questions, BASE® is here to help. Our highly trained Benefit Specialists will help you determine your eligibility for the Section 105 plan, set up the plan for your small business, and get you on the road to tax savings. Call a Benefit Specialist today at 888-386-9680.
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