Business Owner’s Toolkit, a leading online destination for business owners, today launched a new, BizCast widget to share valuable business insights, tips and news that will help business owners succeed in this challenging economy.

Healthcare costs are an issue for everybody, regardless of company size.  These days, I’m beginning to think that small business owners and entrepreneurs have an advantage over larger companies.  We can take full advantage of HSAs, medical reimbursement accounts and high-deductible insurance policies.

It’s worth noting that only owners of C corporations can enjoy the benefits of an HRA or medical reimbursement account. While other types of entities can provide these plans for rank-and-file employees, owners are barred from receiving tax-free treatment. Thus, owners who think they may need company-paid medical assistance might want to use a C corporation as their entity choice.

When starting a business, the benefits you plan to offer to employees should be considered. There are many employee benefits to choose from, but for the purposes of this discussion, let’s focus on the  Flexible Spending Account (FSA) benefit option.