7 Benefits of HRA Plans - PowerPoint PPT Presentation

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7 Benefits of HRA Plans

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  1. Employee Benefits POWERPOINT PRESENTATION AboutHRA Account Design ADVANTAGESBy healthreimbursementaccount.org http://healthreimbursementaccount.org

  2. http://healthreimbursementaccount.org What is the appeal of HRA, Health Reimbursement Account design?

  3. http://healthreimbursementaccount.org In the 2000's, HSA, health savings accounts, were very popular.

  4. http://healthreimbursementaccount.org Mainly since the G. W. Bush administration popularized them substantially.

  5. http://healthreimbursementaccount.org Interestingly, more recently, HSA accounts have become seriously restrictive (20% FINE +income tax for early withdrawal).

  6. http://healthreimbursementaccount.org Fortunately, you will find HRA accounts.

  7. http://healthreimbursementaccount.org Best Kept Secret Of Employee Benefits

  8. http://healthreimbursementaccount.org HRA is held by the company instead by the employee.

  9. http://healthreimbursementaccount.org HRA can be simply set up, come with huge versatility and retain tax-free advantages of HSA.

  10. http://healthreimbursementaccount.org Flexibilities of HRA

  11. http://healthreimbursementaccount.org Flexibility 1 – Roll over unused funds directly into following year OR NOT.

  12. http://healthreimbursementaccount.org Flexibility 2 – Choose yearly contribution every year individually.

  13. http://healthreimbursementaccount.org Flexibility 3 – Contribution can be depending on employees role within the firm.

  14. http://healthreimbursementaccount.org Flexibility 4 – Flexibility in determining what health expenses will be reimbursed.

  15. http://healthreimbursementaccount.org Flexibility 5 – Versatile availability of cash, through charge cards, bank checks, or paper claim documents.

  16. http://healthreimbursementaccount.org Flexibility 6 – Yearly amendment of the package.

  17. http://healthreimbursementaccount.org Flexibility 7 – Interest on the account may be placed into the account OR NOT.

  18. http://healthreimbursementaccount.org Flexibility 8 – HRA can be coupled with HSA, OR NOT.

  19. http://healthreimbursementaccount.org Flexibility 9 – HRA may be accompanied by an insurance plan, OR NOT.

  20. http://healthreimbursementaccount.org As you can see, you can find enormous flexibilities that allow a company to provide tax-free benefits to workforce.

  21. http://healthreimbursementaccount.org At the same time, the business is able to manage cashflow effectively every year.

  22. http://healthreimbursementaccount.org For more detailed information on HRA concepts, see healthreimbursementaccount.org/hra_plan_design_flexibilities_what_is_an_hra_health_plan.html

  23. http://healthreimbursementaccount.org Simply Go to http://healthreimbursementaccount.org and look for the HRA Design section.