AgriPlanNOW and BizPlanNOW are Health Reimbursement Arrangements (HRAs) that enable qualified small business owners to deduct 100 percent of federal, state, and FICA taxes for family medical costs. They are legal plans that allow small business owners to take advantage of the same tax breaks as the big companies. Key to these savings is the ability to declare medical expenses as a business expense rather than a personal deduction resulting in an average savings of more than $5,000 each year!
Watch the informative videos below to learn more about HRAs.
SCORE is a nonprofit association dedicated to educating entrepreneurs and helping small businesses start, grow, and succeed nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA), and has been mentoring small business owners for more than forty years.