Self Made: NASE's Blog

HRAs: A Way to Give Back

Wednesday, June 12, 2013

Posted by Javan Porter - As a micro-business owner, you must make difficult decisions that carry ramifications that reach far beyond your office walls. Although the high health insurance costs that your employees face may worry you, an opportunity for you as the business owner to offer assistance is through a Health Reimbursement Arrangement (HRA).

An HRA allows an avenue for an employer to contribute towards an employee’s health insurance costs. The employer can simply add the contribution amount they decide on directly to the employee’s paycheck. HRA plans have no participation requirements, so businesses of any size can create one.

You want to be running your business, not in the health insurance business, and an HRA plan helps you do just that. Upon implementing a stand-alone HRA, you can let your employee pick the health plan that’s right for them, while knowing they will have a tax-free allowance to help pay for it.

As the Affordable Care Act is fully implemented, small-business owners may be forced to drop group coverage. However, HRA plans may help fill this void. HRA’s may help small businesses cut health insurance cost by more than 50 percent. If you’re interested in learning more about if an HRA plan is right for your business, check out the NASE HRA 105 program.

Comment

  1. RadEditor - HTML WYSIWYG Editor. MS Word-like content editing experience thanks to a rich set of formatting tools, dropdowns, dialogs, system modules and built-in spell-check.
    RadEditor's components - toolbar, content area, modes and modules
       
    Toolbar's wrapper 
     
    Content area wrapper
    RadEditor's bottom area: Design, Html and Preview modes, Statistics module and resize handle.
    It contains RadEditor's Modes/views (HTML, Design and Preview), Statistics and Resizer
    Editor Mode buttonsStatistics moduleEditor resizer
      
    RadEditor's Modules - special tools used to provide extra information such as Tag Inspector, Real Time HTML Viewer, Tag Properties and other.
       

 

Subscribe to RSS Feed

Self Made

A blog on the self-employed and micro-business

Meet the NASE Staff Bloggers


Katie Vlietstra - As Vice President for Government Relations and Public Affairs, I work to explain how actions on Capitol Hill can impact the self-employed. I love D.C. and have made my home in Capitol Hill, where I live with my husband and black Labrador, Coltrane. We love playing volleyball and softball on the National Mall. 

 Katie on Twitter
 Katie on LinkedIn