Section 105 Medical Reimbursement Plans: A Powerful but Narrow Strategy for Physician Families

Most solopreneur physicians are familiar with the self-employed health insurance deduction. If you are self-employed and pay for your own health insurance, you may be able to deduct the premiums above the line instead of treating them as an itemized medical expense. That is valuable, especially for physicians buying coverage on the individual market, but it has limits. It generally does not allow you to deduct all out-of-pocket medical expenses, and it does not turn every family healthcare cost into a business deduction.