Employee/Employer Benefits

HRA

• Health Reimbursement Arrangement Plans (HRAs)
• Draws upon Section 105 of the IRS tax code, which allows qualifying self-employed individuals and small business owners to deduct 100% of federal, state, and FICA taxes for family medical costs.
• Insurance premiums and out-of-pocket expenses can be extremely expensive for small business owners- qualified business save on average $5,000 a year!

Flexible Spending Plans- Section 125 Cafeteria Plan

• Flexible Spending Accounts (FSAs) provide significant to employees and employers alike. Employees save nearly 30% on eligible healthcare and dependent care expenses. And employers save on payroll taxes for every dollar of employee participation, ofter enough to cover the plan’s cost.