BizPlan (Section 105 Medical Reimbursement Plan)

An IRS Code Section 105 Medical Reimbursement Plan with BizPlan allows 1099 agents and small business owners to deduct 100% of their family's health insurance premiums and out-of-pocket medical, vision, and dental expenses not covered by insurance.  With BizPlan, an individual may offer their employed spouse a medical reimbursement package.  BizPlan guides you on how to formally hire your spouse using a W2.  The package covers qualified costs incurred by all family members, including the business owner!

 

The bottom line?  A real 100% tax deduction (on federal, state, and self-employment taxes) for family medical costs.  On average, BizPlan participants realize a real-dollar savings of over $2,300 a year!

	Significant reduction of federal, state, and self-employment taxes
	100% deduction of all health insurance premiums, including long-term care and spouse’s disability policies
	100% deduction of all uninsured medical, dental, and vision expenses
	Deductions of term life insurance premiums (up to $50,000 in coverage)
	The ability to check your year-end totals on-line or via BizPlan’s voice response system
	Industry-exclusive Audit Guarantee
	15+ years of experience in administering these plans brings valuable insights and streamlined procedures

	An optional Payroll Administration Feature
	Complete documentation and compliance with the IRS, DOL, and ERISA.
	Efficient processing of eligible expenses.
	Comprehensive updates when changes affect your plan.
	Support and guidance via our toll-free hot line.
	Timely mailing of year-end summary statements which are required for tax preparation.

Eligible Expenses (Examples)	Benefits Card (Free)
Tax Savings Guarantee	Payroll Administration (Optional)
Audit Guarantee	Download BizPlan Application

How do I get started?

              You will simply need to print and complete the application above.  You will then mail the completed application and a check for the discounted annual fee of $175.00 to the address listed below.  Once the application is processed, you will be contacted to initiate the administration of your BizPlan and you can start saving!

Frequently Asked Questions

What does AgriPlan/BizPlan offer?
AgriPlan (for farmers) and BizPlan (for small business owners) are Internal Revenue Code Section 105 Medical Reimbursement Plans available to business owners across the nation. Sole proprietors, corporations, limited liability companies, and partnerships utilize the administrative services of AgriPlan/BizPlan to save substantial tax dollars annually. AgriPlan/BizPlan services allow businesses to deduct 100 percent of their family health insurance premiums and out-of-pocket medical, vision, and dental expenses not covered by insurance.

Who qualifies for AgriPlan/BizPlan?
To qualify for AgriPlan or BizPlan, a business owner must be able to legitimately employ his or her spouse. (For corporations, family employment is not necessary.) Those who qualify include sole proprietors, partnerships, limited liability companies and corporations (including sub-chapter S corporations).

How does AgriPlan/BizPlan work?
The spouse becomes an employee in the business. The business owner provides the employed-spouse a compensation package that includes a reasonable wage for necessary business duties and a benefit package that includes reimbursement of health care expenses. These expenses are now a business expenses and are 100 percent deductible.

How much will I save?
The average AgriPlan/BizPlan participants save more than $2,450 annually in taxes. Last year, AgriPlan/BizPlan participants collectively deducted nearly three hundred million dollars from their taxes.

How much does it cost?
AgriPlan/BizPlan cost $150 per year. Additional employees can be added to Plan for $50.

How much time does it take to set up and maintain the Plan?
Setting up an AgriPlan/BizPlan is very easy. You simply enroll in the Plan, employ your spouse by establishing a compensation package and reimburse your employee's medical expenses. Annual duties include submitting benefit expenses to AgriPlan/BizPlan for review, renewing your Plan and re-electing your benefits. AgriPlan/BizPlan provides all the required documents and forms and toll-free support.

Why do I need AgriPlan/BizPlan?
AgriPlan/BizPlan, developed in 1986, simplifies the accounting procedures and provides the administration and documentation required to maintain a proper Section 105 Medical Reimbursement Plan. That includes a Plan Document, an Adoption Agreement, a Required Summary Plan Description, an annual Documentation of Benefits Paid and a Third Party Adjudication of Claims. AgriPlan/BizPlan also offers an Audit Guarantee to all Participants