Medical Expense Reimbursement Plan

[Guest vitaliy@empadvins.com]

I am an independent agent in the state of Utah. I have a friend that makes a killing in PA setting up MERP's. Does anyone know of agents doing it in Utah or is it even possible to do since there is such a monopoly in Utah? I am trying to break into this but I dont know if its even possible. Any info would help, THANKS.

[leevena]

MERPs, or Medical Reimbursement Plans have been around for decades, and are commonly referred to as Section 105 plans. They are nothing more than a high deductible (say $1500) and the employer gives back some of the savings to help the employee (say $500). Variations include HSA and Health Reimbursement Arrangement plans.

I would check with the various carriers in your state to find out if they have a high deductible plan available. After that, you will need help with administration, contract, etc. for the side funds.

Good luck.