401(K) Plans
We can quickly set up a new plan for your company or administer your existing plan.

 


Section 125 Cafe' Plans

Flex Medical and Flex Dependant Plans are an economical benefit program for your employees.

What qualifying expenses can I claim for

Medical Care?

 

 

 


 

From dollar one, without regard to the 7.5% of adjusted gross income limitation, you may claim those medical expenses normally deductible on your federal income tax return. 

 

Some examples of those expenses include:

  • Co-pays for prescription medicine, birth control and vaccines that your doctor prescribes.

  • Co-pays for medical doctors, dentists, eye doctors, chiropractors, osteopaths, podiatrists, psychiatrists, psychologists, physical therapists, acupuncturists and clinical psychologists.

  • Medical examination, tests including x-ray, lab services, MRI, etc.

  • Services such as whirlpool baths, massage therapy, and other treatments prescribed by a doctor for a specific condition.

  • Nursing help for home care (only services performed for nursing, not housekeeping).

  • Treatment at a center for substance abuse.

  • Hospital care and the tests and treatment included.

  • Dental work including fillings, crown work, dentures, and maintenance care.

  • Eye exams.

  • Over the Counter (OTC) medications such as antacids, allergy medicines, pain relievers, and cold medicines. See our related OTC Info page

  • Medical aids such as wigs, hearing aids, eyeglasses, contact lenses, braces, orthopedic shoes, crutches, wheelchairs, guide dogs and the cost of maintaining them.

  • Transportation expenses including ambulance service and other travel costs to obtain medical care.  You may use your own car and calculate expenses at 10 cents a mile.  This includes parking and tolls.

 

There are some exceptions:

  • The basic cost of Medicare insurance (Medicare A).

  • Life insurance or income protection policies. (These may only be salary reduced.)

  • Accident or health insurance for you or members of your family. (These may only be salary reduced.)

  • Nursing care for a healthy baby.

  • Travel for rest or recuperation.

  • Cosmetic surgery or procedures.

  • Long term care expenses.

 

You may claim reimbursement on:

  • Yourself.

  • Your spouse.

  • All dependents that you list on your federal income tax return.

 


Contact us today for more information:

AIM
PO Box 24456
Louisville, KY 40224
Phone: 502/426-1235 or 877/426-1235
Fax: 502/426-6569 or 815/361-1988
Email: info@aimadministrator.com

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