Business Insurance Health - 831b another tool in your toolbelt | Ep 44 | Fountain of Vitality

In 2008, Van Carlson watched the auctioneer's gavel come down on businesses run by people he knew. Little league sponsors. Pillars of their towns. Good operators who worked hard and still lost everything when the financial risk they carried every day finally caught up with them. He had sold insurance to many of them. He also knew a piece of tax code, written in 1986 while he was still a high schooler in Fruitland, Idaho, that might have changed the ending.

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In 2008, Van Carlson watched the auctioneer's gavel come down on businesses run by people he knew. Little league sponsors. Pillars of their towns. Good operators who worked hard and still lost everything when the financial risk they carried every day finally caught up with them. He had sold insurance to many of them. He also knew a piece of tax code, written in 1986 while he was still a high schooler in Fruitland, Idaho, that might have changed the ending.

In this episode of Fountain of Vitality, host LaMont Leavitt sits down with Van Carlson, Founder and CEO, to unpack a question most owners never think to ask. You are already self-insuring your business, so how do you want to do it, with pre-tax dollars or after-tax dollars? Van breaks down the 831(b) tax code, why it works like a Health Savings Account for your company, how surplus compounds tax-deferred year after year, and the line between risk mitigation and a tax play the IRS will not let you defend. He gets into shrinking coverage, rising deductibles, brand and cyber gaps policies ignore, and why the right moment to add this tool comes after you have done everything else right.

If your premiums keep climbing while your coverage keeps thinning, this is the tool most owners have never heard of and the one their CPA rarely brings up. Listen to the full conversation with Van Carlson and decide if an 831(b) plan belongs in your toolbelt before the next downturn arrives.

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