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The health care can be run through the business and save the family, on average, $3,000 each year. As small businesses look to reduce costs, especially medical, the HRA can be a great tool that has been used by all too few since the 1954 tax law. HRAs are treated as group health plans and subject to the Medicare secondary payment (MSP).
Small business owners, independent contractors and gig workers soon will be getting 1099-K tax forms if they used any payment platform on which they had at least $5,000 in business transactions in ...
A Multiple Employer Welfare Arrangement, or MEWA, is a vehicle through which more than one employer can come together and offer a self-funded plan to employees—a type of co-op. MEWAs are useful for small groups that on their own would not be able to self-fund; for instance, a number of local small businesses, each with a dozen employees, can ...
Assets and expenses are two accounting terms that new business owners often confuse. Here’s what each term means and how to use them in accounting. Assets vs. Expenses: Understanding the Difference
Supplement a primary medical expense plan by paying for expenses that are excluded or subject to the primary plan's cost-sharing requirements (e.g., co-payments, deductibles, etc.); Cover related expenses such as dental or vision care; Assist with additional expenses that may be associated with a serious illness or injury. [25]
A physician assistant or physician associate (PA) is a type of healthcare professional.While these job titles are used internationally, there is significant variation in training and scope of practice from country to country, and sometimes between smaller jurisdictions such as states or provinces.
The main discussion of these abbreviations in the context of drug prescriptions and other medical prescriptions is at List of abbreviations used in medical prescriptions. Some of these abbreviations are best not used, as marked and explained here.
Medical Laboratory Technician/Medical Laboratory Scientist/Medical Technologist (MLT, MLS, MT) Associate of Science in Medical (Clinical) Laboratory Sciences (ASMLS, ASCLS, degrees, MLT Certification Eligible if from a NAACLS accredited program)