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Fringe Benfeit to cover my employees Med Deductible

  • 1.  Fringe Benfeit to cover my employees Med Deductible

    Posted 10-03-2018 07:12
    ​I would like to help my employees.

    I would like to adopt a plan to completely cover their Medical Insurance deductibles which could be a few thousand dollars.
    is there such a plan where this could be accomplished?

    Now I am not referring to purchasing an insurance policy with a lower deductible, but rather some form of reimbursement to the employee.

    I also believe this is  something my clients would be interested in.

    Any comments appreciated.

    Abby

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    Abby Alhante
    KURCIAS & ALHANTE, CPAs LLC
    Melville NY
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  • 2.  RE: Fringe Benfeit to cover my employees Med Deductible

    Posted 10-04-2018 09:26
    Try utilizing the expertise of TASC (AgPlan/BizPlan).  Fringe benefits, especially health care, have become a nightmare for proper compliance & the small business owner.

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    Robert Gaines CPA
    ROBERT N. GAINES, CPA
    Temple TX
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  • 3.  RE: Fringe Benfeit to cover my employees Med Deductible

    Posted 10-04-2018 10:03
    Yes - we do it for our employees. We have a High Deductible Health Plan, which has lower premiums and a high deductible (5k for single). We cover the first $3,300 via a credit card that the employees have from the benefit provider. It's a "use it or lose it" type plan, that resets annually. We went with it years ago to lower the medical premiums, and if you have young, healthy employees like we do, then you can potentially save that $3,300.

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    Joseph Sofo
    CPA
    KURCIAS, JAFFE & COMPANY, LLP
    Westbury NY
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