How does AgriplanNOW/BizplanNOW 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 expense and are 100 percent deductible.
How much will I save?
The average AgriplanNow/BizplanNOW participant saves a minimum average of $4000 annually in taxes. In past years AgriplanNOW/BizplanNOW participants collectively deducted nearly three hundred million dollars from their taxes.
What features are offered inclusive with the plan?
Due to National Health Care Reform AgriplanNOW/BizplanNOW offers a suite of benefits which include:
- All plan documentation including adjustments due to National Health Care Reform
- Carryover feature
- Benefit Card (used for seamless payment of medical expenses) and online tools.
- W-2 Medical Calculation (beginning Dec of 2011 when year end transmittal are submitted)
- Wage Payment and Tax Reporting Options
- Age 26 tracking
- Audit Guarantee
- Basic Membership to Check Up
As well as tracking of many reform issues which will come into plan between now and 2014. FOR MORE INFORMATION CALL 1-888-533-7928
Why do I need AgriplanNOW/BizplanNOW?
AgriplanNOW/BizplanNOW, formerly Agriplan/Bizplan, developed in 1986 simplifies the accounting procedures and provides 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. AgriplanNOW/BizplanNOW also offers and Audit Guarantee to all participants.