AgriPlan and BizPlan are medical pre-tax plans, specifically for self-employed
individuals. AgriPlan/BizPlan is not insurance; rather, it is the benefit
vehicle that allows self-employed individuals to pay for their medical expenses
with pre-taxed dollars and turn 100% of their medical expenses into a full tax
deduction for their business.
This plan is ideal for entrepreneurs who file as a corporation; they are able
to offer this pre-tax medical benefit to themselves. If you are a
sole-proprietor or an LLC and your spouse assists with the business, you would
provide this benefit to your employed spouse (this is necessary because
AgriPlan/BizPlan is considered an “employee benefit”). Besides allowing
100% of your family’s medical premiums and expenses to be paid for with
pre-tax dollars, the benefit is also a full tax deduction for your business.
Sign
up for a TASC section 105 plan today!