And
save thousands in taxes every year, guaranteed!
Paying
for your HSA-qualified health insurance plan through an HRA can save you $3,000
or more every year. In fact, we guarantee your HRA will save you money,
or it costs you nothing.
A
health reimbursement arrangement, or HRA, enables self-employed individuals
to reimburse medical expenses, including health insurance premiums, from the
business as a tax-free fringe benefit. Instead of taking a deduction for
health insurance on your IRS form 1040, you can now count it as a business expense
on your schedule C!
HRAs
are available to Schedule C sole proprietors whose spouses could work for the
business. If you are self-employed, learn how an HRA can work for you
by visiting our Section 105
HRA Plans For The Self-Employed page.
Section
105 is the part of the IRS code that establishes the rules for HRAs. While
larger companies have used HRAs for years as a way to manage their healthcare
expenses, smaller companies and self-employed individuals have often been intimidated
by the rules and paperwork involved in setting this up. HSA
for America is proud to provide a simple an inexpensive solution
that will make the process very easy and enable the "little guy" to
take advantage of this important tax break.
How
to Establish Your HRA
HRAs
are simple to set up, and a cinch to administer. In fact, we've done almost
all the work for you. Using our online
application, you can set up your HRA in about 10 minutes. When we
get your information, one of our HRA advisors will review it for completeness,
and set up the required paperwork - including an Employer/Employee Agreement,
your Plan Document, and your Summary Plan Description.
If
you are setting up the HRA for your family, there will be some questions that
will establish an employer/employee agreement between you and your spouse.
This will include general duties and the number of hours he or she works per
week.
You
will then select which benefits the plan will reimburse. A list will be
presented where you can check off which items you want to cover, including health
insurance premiums, long-term care premiums, and out-of-pocket expenses.
Within
24 hours of submitting your application, you will receive all form documents,
and a login where you can keep track of reimbursed expenses. At the end
of each year you will complete your annual submission notification. You
will also receive an Annual Benefit Statement, which shows the total of your
tax-free benefits for the year. This can then be handed to your CPA for
tax filing.
Set
Up Your HRA Today
Because
we have automated the process, the cost to set up an HRA has been reduced to
a one time payment of only $297. We are so confident this will save
you money, we offer our HRA Tax Saver 100% Money-Back Guarantee:
We
will cheerfully refund your money if your taxes are not reduced by at least
twice as much as you pay for your HRA.
If
you already have an HRA account with HSA for
America, you can login here.
If you have any questions, we're here to help. Just use our contact
form and someone will get back to you with answers to your questions.
Thank
you for all your help. The document
looked good, and I have put it into effect.
You have been great to work with and I will
definitely refer others who are interested
in setting up HSAs/HRAs to you guys.
Venu
Julapalli, MD
Integral Gastroenterology Center, P.A.
Houston, TX
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