Health Expense Reimbursement Plans

AgriPlan/BizPlan is a Section 105 medical reimbursement plan that lets self‑employed business owners deduct 100% of their family’s medical expenses — including health insurance premiums — as a business expense instead of a personal deduction.

It’s essentially a tax‑advantaged health reimbursement arrangement (HRA) designed specifically for:

• Farmers (AgriPlan)

• Small business owners (BizPlan)

• Sole proprietors

• Schedule F or Schedule C filers

• Husband‑and‑wife businesses

💡 What it actually does

AgriPlan/BizPlan allows a business owner to:

✔️ Deduct health insurance premiums

Including:

• ACA plans

• Medicare

• Med Supp

• MAPD

• Dental

• Vision

✔️ Deduct out‑of‑pocket medical expenses

Such as:

• Copays

• Deductibles

• Prescriptions

• Braces

• Glasses

• Chiropractic

• Mental health

• Travel for medical care

✔️ Convert personal medical costs into business deductions

This often results in $5,000–$10,000+ in tax savings per year, depending on expenses and tax bracket.

🧾 How it works (simple version)

1. You set up a Section 105 plan through TASC.

2. Your spouse becomes a “W‑2 employee” of the business (even for minimal admin work).

3. The business reimburses the spouse for the family’s medical expenses.

4. The business deducts those reimbursements.

5. The family receives tax‑free benefits.

This structure is IRS‑approved and widely used in agriculture and small business.

The information provided is for educational purposes only and is not intended as a recommendation to purchase or sell any insurance or financial product. You should consult with licensed tax, legal, or financial professionals to determine what options are appropriate for your personal situation.

Gary A Coleshill

Licensed Agent

Office: 480 856 7782 x 100

Cell & Text 480 208 4366

NPN: 6746746

gary@coleshillprotects.com