It cannot be an ineligible corporation. Ineligible corporations, as defined by the IRS, are “certain financial institutions, insurance companies, and domestic international sales corporations (which are U.S. companies that receive tax incentives for export activities).” To initiate the S Corporation ...
Employee benefits also vary between an S corp vs. a C corp. S corporations are subject to restrictions on allowable benefits, such as high deductible health insurance premiums, wellness or preventive care, and health stipends for S corp shareholders. In comparison, C corporations are able to of...
The Affordable Care Act makes it a shared responsibility of individuals, employers and government to ensure that as many people as possible have health insurance. The law does not require all U.S. employers to offer health insurance to their workers. Rat
1. You must be covered by a High Deductible Health Plan (HDHP) 2. You cannot have other health insurance coverage 3. You cannot be enrolled in Medicare 4. You cannot be claimed as a dependent on someone else’s tax return What if I retire? What if I’m already retired? What if I...
Now that we’ve covered the other major features in a health insurance plan, let’s talk about coinsurance. Coinsurance is the percentage of costs the consumer is responsible for after hitting the deductible. Like the copayment, coinsurance is one of the ways the consumer and the insurance com...
pastors – then tried to steal from me, who need to apologize to me, not you.But this is a systemic problem within my former religion, the ladies of which have confessed to their “partnership” with the “mental health” industries. I’d be one of the many “widows” mentioned in ...
Sometimes called a “vanishing deductible,” a Disappearing Deductible rewards safe driving by decreasing the insurance policy owner’s deductible over time. This usually means you will pay less out-of-pocket expenses if you, or someone insured on your car insurance policy, is in an accident or...
Health insurance remains the most critical component of an employee benefits package. According to PeopleKeep’s 2024 Employee Benefits Survey, 92% of employees value health benefits. However, health insurance costs are increasing, making it unattainable for many organizations. According to KFF’s 2023...
IRAs are insured by theFederal Deposit Insurance Corp. (FDIC), a government-run agency that provides protection when a financial institution fails. The FDIC covers customer deposits—up to $250,000 per account in most cases—that are held at FDIC-insured banks or savings and loan associations....
If you don’t have a retirement plan at work, your traditional IRA contributions are fully deductible. But if you (or your spouse, if you are married) have a retirement plan at work, such as a401(k)or403(b), yourmodified adjusted gross income(MAGI) determines whether and how much of ...