Section 105 Medical Reimbursement Plan
Definition of "Section 105 medical reimbursement plan"
Eligible employees reimbursed from the employer for family health care expenses paid by those employees to include health insurance premiums, disability income insurance premiums, and long-term care insurance premiums. Also reimbursable to the employees from the employer are non-insured medical expenses. The employer receives a 100% tax deduction for this reimbursement.
Popular Insurance Terms
Monthly income payment provided by a Disability income insurance policy to the insured wage earner when income has been interrupted or terminated because of illness, sickness, or accident. ...
Termination of coverage in insurance. ...
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Financial analysis method established by the national association of insurance commissioners (naic) to detect problems of property and casualty insurance companies and life and health ...
Incidents covered under workers compensation benefit. ...
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Coverage under the auspices of a federal or state agency that can be either mandatory or elective. ...
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