Tom Quigley Explains How to Use Tax Law to Save on Health Insurance

A lot has changed for small business when it comes to providing health care.

With this in mind, business coach Laurie Althaus spoke to National Business Consultant Tom Quigley about what business owners can do to significantly cut health care costs using new — and some old — tax laws on her online radio show.

Related Post: Listen to Tom Quigley Talk About Obamacare on ClaimLinx Podcast

Now and Next Radio seeks to highlight businesses that are making a difference in the world, a primary focus at ClaimLinx. Listen to the full interview or read some of the highlights below.

Tom Quigley: We’re showing people here at ClaimLinx how they can reduce their health insurance costs and provide better benefits to employees taking advantage of the new tax law that everyone was blessed with called the Affordable Care Act.

Laurie Althaus: That affordable care act, how does that apply to small businesses?

TQ: Well, every small business owner has the decision to make, whether to offer benefits or not, and there’s a lot of misinformation out there for smaller businesses, those under 50, that they have to offer group health insurance or they cannot offer benefits at all.

What we’re trying to help people understand is there’s better options than what the insurance agents and insurance companies are offering in terms of their product to the consumers. We’re taking advantage of tax laws that have been in existence since 1954, and we’re taking advantage of laws such as the Affordable Care Act and tying it all in to provide a better benefits package that fits small business owners.

LA: So this is all based on a tax law, and you mentioned that the tax law was created in 1954 but then new legislation recently, that was around the health care act. Do those two coincide, or are they separate?

TQ: The tax law that I’m referring to from 1954 is the same tax law that Proctor and Gamble, General Electric and any self-funded health insurance plan in America uses. What people don’t realize that a small business owner can use it also. What we’re doing is showing people how to use it more efficiently than what Proctor and Gamble or General Electric does, using the Affordable Care Act. There’s certain things in this country that nobody should be doing today. But unfortunately they’re being advised to keep doing the same things over and over again. And I believe Mr. Webster and his great dictionary states that’s the definition of insanity.

Related Post: Tom Quigley Breaks Down Employee Expectations for Benefits

LA: Yes, we talk about that a lot, don’t we Tom?

TQ: Well, we know that I’m insane. We just didn’t know that the rest of America is.

LA: What do you find as the biggest challenge in selling the solution, or offering the solution?

TQ: Basic math sometimes does not prevail. What we need to focus in on health insurance is this: everyone who owns a home generally doesn’t buy plumbers insurance; business owners who own company cars don’t buy oil change insurance or gasoline insurance. But for whatever reason, they buy those benefits on their health insurance directly from the insurance carriers instead of doing it themselves. And what the law allows, the Section 105, is for the employers to self-fund items they don’t want to buy insurance on. And the law allows it to be tax-free to both the employer and the employee.

Schedule an appointment now to go over your company’s options for saving money.

Millions Of Anthem Customers’ Information Exposed In Massive Hack

Anthem Inc., the second-largest health care insurance provider in the U.S., announced late Feb. 4 that hackers breached company computers gaining access to customer and employee information, including names, Social Security numbers, addresses and employment data.

Anthem, which has a database containing information for about 80 million people, has not yet officially released how many people were affected.

Related Post: Wellpoint to Rebrand Itself as Anthem

However, the Wall Street Journal reported earlier that number is suspected to be in the tens of millions, which would make this the largest data breach involving a U.S. health insurer so far in history.

Initial investigation indicates credit card numbers as well as medical diagnosis and treatment data were not exposed. As the company examines the security breach, it will be sending letters to affected customers with appropriate next steps.

President and CEO, Joseph Swedish, expressed his unease and sense of urgency concerning the investigation in a letter on the dedicated informational website the company created.

“We join in your concern and frustration, and I assure you that we are working around the clock to do everything we can to further secure you data,” he wrote.

Anthem said it immediately took steps to close its security vulnerability, including reporting the attack to the FBI and hiring the cybersecurity firm Fire Eye Inc. The company will also be offering free credit card monitoring and identity protection services for those affected.

“The nature of this breach is especially troubling as it strikes at the heart of the individual’s personal information,” said Rep. John Ratcliffe (R-Texas), who chairs the House Subcommittee on Cybersecurity, Infrastructure Protection and Security Technologies.

Related Post: Making the Most of Customer Complaints

Security experts say cyber criminals are increasingly targeting the $3 trillion U.S. health care industry, which is particularly vulnerable because of its reliance on ageing computer systems that do not have the most up-to-date security features.

 “This attack is another reminder of the persistent threats we face, and the need for Congress to take aggressive action to remove legal barriers for sharing cyber threat information,” said chairman of the Committee on Homeland Security, Michael McCaul (R-Texas).

ClaimLinx Is Easy to Work With

We have recently developed a series of videos to help our members, clients, consultants, partners and prospects better understand the ClaimLinx solution. Watch this short and informative video that explains how easy it is to work with ClaimLinx.

Related Post: What is the ClaimLinx Simple Option Solution?

Also, just a reminder that we appreciate referrals we receive and offer a $100 gift card for qualified leads.

Please contact us to find out more.

ClaimLinx Publishes “How to Beat Obamacare”

CINCINNATI–(BUSINESS WIRE)–ClaimLinx recently published a timely new book entitled, “How to Beat Obamacare.” The book briefly covers the most important parts of the Patient Protection and Affordable Care Act signed into law in 2010 by President Obama. It gives individuals and employers a framework for making smart choices in the new healthcare environment. The book also reveals the secret to saving money on individual health insurance plans for employers.

The authors, Edward A. Lyon, JD CTC, Michael J. McCormick, CPA, ETC, Thomas J. Quigley, Jr. and Christy A. Quigley have over 80 years combined experience in the tax and insurance industry.

In writing the book, Ed Lyon makes it clear that “we’re not here to debate the merits of the law, but we can help by outlining what the law means for you, for your healthcare, and for your taxes.”

Related Post: ClaimLinx Launches Podcast Digging Into Traditional Health Insurance

Back In 2010, President Obama signed the “Patient Protection and Affordable Care Act” and companion “Health Care and Education Reconciliation Act of 2010.” Together those two acts, better known by Republicans and Democrats alike as “Obamacare,” represent the biggest change in how we finance healthcare since Medicare was created in 1965. They also include some of the most significant tax changes in a generation. Polls show even today most Americans are confused and concerned about how the Affordable Care act directly affects them – what it is and how much it’s going to cost. Michael McCormick adds, “One poll taken in August of 2013, revealed that four out of ten believed the law was repealed, overturned, or were unsure if it was still law.”

Related Post: Breaking Down The Employer Mandate Tax Penalties

The book outlines a plan which takes advantage of a 55-year-old tax law, Internal Revenue Code Section 105b, that allows employers to reimburse their employees for medical costs incurred by themselves, their spouses, and their dependents. This, in turn, lets employers buy less expensive, higher-deductible insurance coverage – then reimburse their employees directly for the difference between the old deductible and the new. Average yearly savings per employee are $2,000. This program is available in all 50 states and can be implemented and administered fully by ClaimLinx consultants.

For more information about “How to Beat Obamacare,” please visit or