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From http://healthreimbursementaccount.org: Special HRA Insurance Slides: Self Employed HRA Plan Designs could save you funds on insurance coverage costs, and will offer freedom to adjust to the company cash flow. Seven Flexible HRA Program Benefits
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Employee Benefits POWERPOINT PRESENTATION AboutHRA Account Design ADVANTAGESBy healthreimbursementaccount.org http://healthreimbursementaccount.org
http://healthreimbursementaccount.org What is the appeal of HRA, Health Reimbursement Account design?
http://healthreimbursementaccount.org In the 2000's, HSA, health savings accounts, were very popular.
http://healthreimbursementaccount.org Mainly since the G. W. Bush administration popularized them substantially.
http://healthreimbursementaccount.org Interestingly, more recently, HSA accounts have become seriously restrictive (20% FINE +income tax for early withdrawal).
http://healthreimbursementaccount.org Fortunately, you will find HRA accounts.
http://healthreimbursementaccount.org Best Kept Secret Of Employee Benefits
http://healthreimbursementaccount.org HRA is held by the company instead by the employee.
http://healthreimbursementaccount.org HRA can be simply set up, come with huge versatility and retain tax-free advantages of HSA.
http://healthreimbursementaccount.org Flexibilities of HRA
http://healthreimbursementaccount.org Flexibility 1 – Roll over unused funds directly into following year OR NOT.
http://healthreimbursementaccount.org Flexibility 2 – Choose yearly contribution every year individually.
http://healthreimbursementaccount.org Flexibility 3 – Contribution can be depending on employees role within the firm.
http://healthreimbursementaccount.org Flexibility 4 – Flexibility in determining what health expenses will be reimbursed.
http://healthreimbursementaccount.org Flexibility 5 – Versatile availability of cash, through charge cards, bank checks, or paper claim documents.
http://healthreimbursementaccount.org Flexibility 6 – Yearly amendment of the package.
http://healthreimbursementaccount.org Flexibility 7 – Interest on the account may be placed into the account OR NOT.
http://healthreimbursementaccount.org Flexibility 8 – HRA can be coupled with HSA, OR NOT.
http://healthreimbursementaccount.org Flexibility 9 – HRA may be accompanied by an insurance plan, OR NOT.
http://healthreimbursementaccount.org As you can see, you can find enormous flexibilities that allow a company to provide tax-free benefits to workforce.
http://healthreimbursementaccount.org At the same time, the business is able to manage cashflow effectively every year.
http://healthreimbursementaccount.org For more detailed information on HRA concepts, see healthreimbursementaccount.org/hra_plan_design_flexibilities_what_is_an_hra_health_plan.html
http://healthreimbursementaccount.org Simply Go to http://healthreimbursementaccount.org and look for the HRA Design section.
