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