HRA - HEALTH REIMBURSEMENT ARRANGEMENT
Do you own a corporation, including an S Corporation? Are you an employee of that corporation? Does your corporation have fewer than three employees? Do you and/or your spouse pay for health insurance with taxable (not pretax) dollars?
If you answered the above questions with a "yes" you can save tax dollars by enrolling in an HRA.
When your company signs up for this plan, the company can reimburse the employees for all of their current year health insurance premiums. This means your tax savings will start in the current year. The premiums will be a business expense and will lower the taxable income.
If you are interested in saving tax dollars now, please call our office at 281-370-1120 and set up an appointment to review and sign up for this plan. The annual cost to sign up for this plan is $225.00. The average savings is over $2,500.00
You may sign up for this plan and continue to use your current tax professional.