Insured Medical Reimbursement

Under current tax code, through the use of an insurance contract, an employer is permitted to selectively cover (or, in other words, discriminate in favor of) certain of its executives and/or key employees with a plan providing reimbursement of out-of-pocket medical, dental, and vision expenses on a tax-free basis. The insurance contract that our firm uses for this purpose is known as 'Exec-U-Care'.

In addition to providing reimbursement insurance through Jefferson Pilot Financial Insurance Company Benefit Partners (JPF Benefit Partners), Exec-U-Care also provides each executive with an additional $100,000 of accidental death & dismemberment insurance and a unique service called "MEDEX Worldwide Medical Assistance". The fixed fees of this program are $62.50 per quarter per executive, and 110% of total eligible medical reimbursement claims.

The typical kinds of unreimbursed expenses which may be submitted for reimbursement are any health care expenses that would be deductible under IRS Code Section 213(d) (ignoring for this purpose the deduction threshold found under that Code Section). The "covered expenses" are the same as the qualified medical expenses under either HSAs or Health Care Reimbursement accounts under Flexible Spending Account (FSA) arrangements.

Click here to view the tax opinion letter on the product from Ernst & Young LLP.
If you would like to receive additional information on Exec-U-Care please e-mail your request to .

• Exec-U-Care sample proposal
• Exec-U-Care product brochure
• Exec-U-Care participation agreement
• Exec-U-Care enrollment form
• Claim Form
• Claim Form instructions

IMPORTANT: The sample proposal noted above is for a 5-participant group in Illinois. The Exec-U-Care product is available in all the states that Benico, Ltd. and/or its representatives are licensed in (for a complete list go to www.benico.com/licensing.htm).

Contact Us

If you would like more information about Executive Medical Reimbursement Insurance, please contact us at 888-669-4883, or email .