How a family owned automotive dealership shifted their out-of-pocket medical spend from after-tax dollars to a deductible business expense.*
Their solution was to layer Ultimate Health® on top of their primary plan for just the 3 owners.
Ultimate Health® falls under one of the categories of excepted benefits, exempting it from ACA nondiscrimination and other regulations. This strategic move enabled the owners to expand their coverage while converting their personal out-of-pocket healthcare expenses into a tax-deductible business expense.*
Plus, by choosing our premier plan, Ultimate Health, they were able to get back to pre-ACA “100% coverage” levels with reimbursements for:
The average household income for these three owners was $275,000. Medical expenses can only be deducted if they exceed 7.5% of their AGI (approximately $20,000).
They estimated their average annual healthcare expenditures to be between $7,000–$8,000.
If you look at the whole picture, you’ll see that expense reimbursed insured plans have the potential to pay for themselves. Learn how you too can put Ultimate Health by ArmadaCare in place to protect the health and wealth of your business.
Get in touch with one of our experts. You choose the time that’s best for you, and we’ll do the rest!
*This is not local, state or federal tax advice as each person and company is unique. It is recommended that you seek the independent counsel of a professional tax adviser.
Premiums, insurance plans, coverage and availability may vary by state. Detailed coverage, exclusions and limitations are listed in the Certificate of Insurance.