As a sole proprietor or incorporated individual, have you ever wondered if you could get a benefits plan just for yourself and your dependents? After all, benefits plans are fully tax-deductible business expenses, allowing you to pay for your medical and dental expenses in the most tax-effective way possible.
Business owners like you often ask if they can get a benefits plan for one… expecting the answer to be No. The real answer is: Yes, a benefits plan for one can be done!
How you set up your benefits plan for one depends on what is best for you and your situation. At The Benefits Trust, we have two great options: the Healthcare Spending Account Plus plan or the Executive Benefits Plan, depending on your needs.
We’ve created a short whiteboard video to explain benefits plans for one and the differences between these two options complete with examples. Watch below!
For those looking for a benefits plan for one, the advantages speak for themselves!
The Benefits Trust helps successful business owners build a better benefits plan than they can get anywhere else. Contact us today to get started!
More from The Benefits Trust: