Agri/Biz Plan is a medical pre-tax plan established specifically for self-employed individuals. Agri/Biz Plan 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 the Small Self Employed Business professionals 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 Agri/Biz Plan 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 an AgriPlan section 105 plan today!
As an NATP member you can become a TASC Referral partner for FREE($100 Discount). In addition, you will receive back $50 off your HRA/105 plan if you choose to implement one for yourself.