Fort
Collins, Colorado (PRWEB) January 12, 2009 -- Health Reimbursement Arrangements,
or HRAs, are growing in popularity as small business owners look for less
expensive ways to help their employees with health insurance and other benefits.
An HRA is a tax-free program that helps employers reimburse employees for
the cost of their health insurance and medical expenses as a tax-free fringe
benefit. HSA for America
has just released two special reports explaining who qualifies for an HRA,
how much money you can save, and how to inexpensively get an HRA established.
HRAs
help employers offset the cost of their employees' healthcare expenses by
allowing employers to submit a tax-free reimbursement to employees.
These reimbursements will go towards qualifying healthcare payments that are
not covered by the company's healthcare plan and may include reimbursement
for deductibles, services, co-pays, or coinsurance claims.
HRAs
are suitable for all types of businesses, but are uniquely designed to make
healthcare more affordable for small businesses. "We have never
had so many clients set up HRAs for their employees," said Wiley Long,
President of HSA for America.
"Group health insurance coverage has become quite expensive, so it can
be difficult for small business owners to offer competitive health insurance
coverage for their employees, if they are even able to offer coverage at all.
An HRA can really make a lot of sense for a small business with healthy employees."
HSA
for America has two special reports available on HRAs.
One explains how to set up an HRA specifically to help small business owners
with employees save money on their health insurance plans. The other
report explains how a sole proprietor can benefit from an HRA.
Either way, an HRA may help businesses save $3,000 or more per year on healthcare-related
expenses.
About
HSA for America:
HSA
for America offers affordable HRA programs for employers
and their employees, helping both employers and employees save money while
receiving tax incentives for their healthcare reimbursements. In addition
to a comprehensive offering of HRA programs, HSA
for America also offers a wide spectrum of HSA-qualifiedd
health insurance plans that help businesses and families save money on
their medical expenses and income taxes.
