Tony Novak, Certified Public Accountant
Can the insurance policy serve as a small business employee benefit plan document?
by Tony Novak, CPA, MBA, MT
No, the insurance policy does not contain all of the information and disclosures required by the Department of Labor and the Internal Revenue Service. Additionally, written documents and disclosures are likely to be required for employees who are not covered by insurance.
Other likely questions that are covered in separate articles:
Status: available for reprint
This article is available for republication in its entirety without charge after obtaining the express written permission of the author.
Pleasee-mail a request to the author that includes the name of the requestor (individual and corporate) and the intended destination of publication.
Have an unresolved tax question or financial concern?
Schedule a no-obligation discussion or second opinion
Direct Telephone:(610) 572-1724
Ask about how I can help with:
- resolving lingering tax issues and managing tax liabilities
- protecting assets through a divorce or lawsuit
- tax planning strategies
- managing health care expenses and insurance
- preparing for a family member with special needs
- updating employee benefit plans
- small business accounting
- negotiating employee benefits
- improving financial results
“Freedom Benefits”, “OnlineAdviser” and “OnlineNavigator” are trademarks of Tony Novak. P.O. Box 333, Newport NJ 08345. Tel. (610) 572-1724 Email Onlineadviser@live.com