IRS Section 105: Tax-Advantaged Strategies (3 CE Credits) Speaker / Instructor Lisa A. Otto, J.D., MBA, CLU

An estate and tax planning attorney by trade, Lisa Otto is the Regional Sales Director for Total Administrative Services Corporation (TASC) responsible for marketing TASC’s services in the implementation and compliance of Section 105 and Section 125 plans.  She works with insurance professionals, financial advisors, accountants, tax professionals and business owners in the development and administration of employee benefit programs.  Prior to joining TASC in July, 2005, Lisa was the Director of Marketing for Prudential Financial.  Over a period of 10 years, she was responsible for developing marketing material and training Prudential’s field force in financial, estate, tax and retirement planning as well as small business insurance.  For her work at Prudential, Lisa received the Chairman’s Award for Excellence in Innovation in 2000.  Lisa received her law degree and MBA from Drake University in Des Moines, Iowa and her CLU from The American College in Bryn Mawr, PA. 

TOPICS

1. Tax-Advantaged Strategies
2. Health Risk Management
3. Four Decade Trend
4. Defined Contribution Plans
5. Plan Designs
6. IRS Section 105 for the Small Business Owner
7. Medical Reimbursement Plans 
1. Who qualifies? 
2. How to qualify? 
3. What are the tax savings? 
8. Making 100 % of Family Health Costs Deductible
1. Health Premiums
2. Long-Term Care Premiums
3. Uninsured Medical, Dental and Vision Care
1. Eligible Expenses-IRS Section 213
4. Life and Disability Insurance Premiums
9. Using IRS Section 105
1. Spousal employment – Employment Criteria 
2. Medical Benefits Package
3. Small W-2 wage Required
10. IRS Section 105 Tax Advantages
1. Employer
2. Employee
11. Comparison/Case Study – with and without Section 105 Medical Reimbursement Plan
12. How Section 105 works based on Small Business Owner Tax Filing Status (10 min)
1. Sole Proprietor
2. Partnership
3. Limited Liability Company
4. C-Corporation
5. S-Corporation
13. How to set up a Section 105 Medical Reimbursement Plan
1. Business Owner Responsibilities
2. Administrator’s Responsibilities
3. Financial Professional’s Responsibilities
14. Health Reimbursement Arrangements – IRS Section 105 Group/Larger Employer
15. HRAs in a Nutshell
16. How does the HRA work?
17. HRA plan design
1. High Deductible Health Plan only
2. Adding in coinsurance, prescriptions and other uninsured medical expenses
3. “Self-insuring” Dental and Vision Care
4. HRA plan design examples of each
18. Advantages using the HRA
1. Employer
2. Employee
19. Employer Risk
20. Real case illustrations
21. HRA vs HSA
22. Question and Answer Period

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