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 C-corps, S-corps, and 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. 

Small business owners with employees can also benefit by establishing an HRA.  Through an HRA you can reimburse your employees for individual health insurance premiums, which typically costs less than half of what group coverage does.  Individual plans will be guaranteed-acceptance beginning with applications starting October 1, 2013.  If your employees have income below 400% of the federal poverty level, they will also qualify for subsidies that will lower their costs.  Visit our 105 HRA Plans for Small Business Owners page to learn how you can cut your health insurance costs in half, while providing your employees with permanent coverage that is not tied down to their employment.

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.

It will also ask you some questions to determine Eligibility Requirements.  So, for instance, you could exclude employees that are under a certain age, work less than a specific number of hours per week, work less than 7 months a year, or have been with the company for less than a specific number of months.

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 48 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 the year, simply log in to make sure you’ve logged all expenses.  You can then print out your Annual Benefit Statement, which shows the total of your tax-free benefits for the year.

Set Up Your HRA Today

If you pay income and self-employment taxes, and if you qualify, an HRA will keep more of your money in your pocket. Because we have pooled thousands of business owners and automated the process, we are able to offer set up and administration of HRAs at a very low price.  For a husband/wife arrangement (sole proprietor with the spouse working in the business) the subscription cost for establishing and maintaining a self-administered HRA is only $25 per month, or $250 per year if you want to pay annually. (If you have additional employees that you will be setting up, we offer Administrative services so that you avoid any HIPAA regulations.  See our Small Group HRA page for more details.)

We are so confident this will save you money, we offer our HRA Tax Saver 100% Money-Back Guarantee:

You are GUARANTEED to reduce your taxes by at least three times the cost of your HRA, or we will cheerfully refund all of your money paid for your HRA!

Click the above link to establish a husband/wife self-directed HRA today.  The application takes just minutes to fill out, and we will have your plan documents put together and back to you within 24 - 72 hours.  If you have a group with more employees, please go to our Group HRA page for pricing and enrollment.  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.