Three Ways to Pay
One, two, three... did you know that’s how many ways there are to pay for health care expenses?
With traditional insurance, you pay a monthly premium, every single month, whether you make a claim or not. Then, once you do submit an expense, your refund is always less than what you paid.
Paying out of pocket means that you have drawn a salary, paid the taxes on that money and are now paying your medical expenses with what’s left.
The last option is to use your companies money to pay for your personal medical expenses, which is tax-free to you personally and 100% tax-deductible for your business.