Health Reimbursement Arrangement

Health Savings Accounts Chat

Pay for Your Health Insurance
Through a
Health Reimbursement Arrangement (HRA)

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

Read More...

 

Health Reimbursement Arrangements in the News

HSA for America - Specializing in Health Savings Accounts
Your Health Savings Account Professionals!

Contact Us

HSA for America - Health Insurance Solutions
© 2010 - All Rights Reserved

HSA for America's BBB Online Reliability Program