Health Reimbursement Arrangements
Learn How A Health Reimbursement Arrangement Will Save You $3500 This
Year. Write off your health insurance and medical expenses as a
Business Expense using an HRA.
If you are self-employed, you are getting hit hard by rapidly increasing health insurance costs. But you can reduce the high cost of health insurance and out-of-pocket medical expenses by establishing a Self-Administered HRA plan. This is a Medical Expense Reimbursement Plan that allows your business to reimburse the costs for health insurance and out-of-pocket medical expenses not covered by insurance. It will immediately save most self-employed families $3500 or more every year.
Imagine how much money you would save every year if your business could pay for your health insurance premiums, your life insurance premiums, your disability premiums, and your long-term care premiums. What if it could also pay for your eye glasses, your dental expenses, your weight-loss classes, and your routine physicals and other preventive care? All as a business expense!
Well, it could save you up to 48% or more on the cost of these services. If you’re in a 28% federal tax bracket, pay 5% state income taxes, and 15.3% self-employment tax, then the government’s certainly taking its share.
The bottom line – take advantage of every legal tax deduction for which you qualify. Do not foolishly pay more taxes than you should.
Learn More – Free HRA Report
For more information about how a Self-Administered HRA can save you a lot of money, request a copy of our free report, How A Self-Administered HRA Will Save You At Least $3500 This Year.