| Exec-U-Care supplements your basic health plan by reimbursing
your insured employees for many of the expenses not covered
under your basic plan up to as much as $100,000 per year.
Before the passage of Internal Revenue Code Section 105 (h)
a corporation was allowed to directly reimburse executives,
on a self-insured basis, for out of pocket medical and dental
expenses, and the corporation could do it on a discriminatory
basis. The corporation could deduct the expenses and the executive
received the money tax-free.
With the passage of Section 105(h), corporations could no
longer provide this perk on a discriminatory basis, "unless
it was part of an insured program." In other words, the
corporation couldn't just pay executives directly, but it
could provide this executive perk on a discriminatory basis
- if the benefits are provided through an insured program.
So, Exec-U-Care was developed. It's an insured product that
lets you give this special benefit to you and your top executives,
only those employees to whom you want to give an extra perk.
The corporation takes a tax deduction, and employees get the
benefits tax-free in most instances.
eflexgroup does not administer these plans; we recommend
you visit Exec-U-Care.com
to find out more about these type of plans.
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