Fort
Collins, CO (PRWEB) March 9, 2009 -- According to a new study by Information
Strategies, Inc., many small business are finding creative ways to keep their
employee healthcare coverage. Two of the most popular solutions businesses
are implementing are Health
Savings Accounts (HSAs) and Health
Reimbursement Arrangements (HRAs).
HSAs
and HRAs are
both tax-free programs designed to help Americans afford their healthcare,
regardless of the health insurance programs that may or may not be provided
by an employer. An HRA program allows employers to reimburse their employees
for healthcare expenses that are not covered by the employer's healthcare
plan, such as deductibles, co-pays, and coinsurance claims.
With
an HSA, individuals
set aside a tax-deductible portion of their income into a savings account.
They can then invest the money as they would with an IRA without having to
pay taxes on its growth. HSA funds can be used to pay for qualifying
medical expenses, including dental expenses, mental therapy, physical therapy,
alternative treatments (such as acupuncture), transportation and lodging related
to medical expenses, non-prescription medications, and more.
"There
are a variety of different options with each of these healthcare coverage
solutions," said Wiley Long, President of HSA for
America. "For example, we have an HRA plan for self-employed
individuals that is different than the plans we offer for small businesses.
Also, employers can decide what can be covered by the HRA plan, such as dental
or vision."
HSA
for America offers a wide range of healthcare coverage solutions
that are uniquely designed to help small businesses provide suitable coverage
to their employees. "As healthcare becomes more and more expensive,
we're always on the look-out for affordable programs that will help our clients
afford appropriate coverage for their employees and families," said Long.
More
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 Health
Savings Accounts for individuals, families, and businesses that help members
save up to 50 percent off of the cost of their medical expenses.
