Definition Of Section 105 Medical Reimbursement Plan In Insurance

Definition of "Section 105 medical reimbursement plan"

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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.