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Employee Benefits Presentation About  HRA Account Design  By  healthreimbursementaccount.org
What's the benefit of HRA, Health Reimbursement Account concept?
During the 2000's, HSA, health savings accounts, were all the rage.
In part because the G. W. Bush administration popularized them extensively.
But, more recently, HSA accounts have become severely restrictive (20%withdrawal fine +income tax).
The good news is, there are HRA accounts.
HRA Are The Best Kept Secret Of Employee Benefits
HRA is owned by the company instead by the employee.
HRA can be easily put in place, have immense flexibility and retain tax-free advantages of HSA.
9  Flexibilities of HRA concept
1) Roll over unused funds straight into next calendar year OR NOT.
2) Decide on annual contribution each year separately.
3) Contribution may be dependent on employees role inside the firm.
4) Flexibility in determining what medical bills should get reimbursed.
5) Versatile availability of funds, by means of debit cards, cheques, or paper claim forms.
6) Yearly amendment of your plan.
7) Interest on the bank account can be put into the account OR NOT.
8) HRA may be combined with HSA, OR NOT.
9) HRA can be combined with an insurance plan, OR NOT.
Basically, you can find enormous flexibilities that allow a business to offer tax-free benefits to staff.
At the same time, the business has the ability to control cashflow effectively each year.
For additional information on HRA designs, see   http://healthreimbursementaccount.org/
Just go to   http://healthreimbursementaccount.org to view the HRA Design section.

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