Meidcal Reimburshment Account We are a C-corp and we no longer have health insurance. Instead we have a cafeteria plan which fully covers 100% of employee medical expenses.
We would like to create an account which we contribute into each month to form a medical reimbursement fund. All medical reimbursements would then come from this account.
Fundamentally, instead of wasting money every month on Health insurance, which is fully deductible to the corp, we want to deposit what would have been spent on health insurance into this medical reimbursement account.
How can we structure this account so that all deposits into this account are fully tax deductible to the corp? |