BASE^® Blog

Coming off of Valentine’s Day, we should all be inspired to share the LOVE!  What better way to spread the LOVE than by implementing a Health Reimbursement Arrangement from BASE® to save valuable tax dollars and provide an enhanced benefits package employees will LOVE too!

A Health Reimbursement Arrangement (HRA) is the perfect solution to saving both the employer and employee money with an employer-sponsored reimbursement program.  This tax-advantaged health benefit helps provide employees the health care flexibility they need.  An HRA is an IRS-approved benefit used to reimburse employees for their qualified medical expenses.

There are so many things to LOVE about implementing an HRA into a business.  Check out a few below! 

• COST CONTROL. The employer establishes the benefit limit, thus, making it easy to stick to the yearly budget and keep the business profitable. 
• The employer has the ability to design the plan that will best suit the needs of the business. 
• VALUABLE TAX SAVINGS. Employer’s contributions are 100% tax.

Who doesn’t LOVE to save money?  Whether a business owner is self-employed or has multiple employees, BASE® has an HRA to fit various business situations.  Check out what Colleen E., a BASE® HRA Client, said about her BASE® HRA!

“The Section 105 BASE® HRA is the most affordable health reimbursement plan that we have found. The staff has been very friendly and helpful from the very beginning. From the guidance offered the very minute we enrolled in the plan to the necessary documentation, we have felt everything has been very easy to understand. My husband and I feel that the staff is very knowledgeable with answers to any questions, and always keeps us informed of compliance issues that might arise in the age of healthcare reform. The best part would be the thousands in additional tax savings each year that wouldn’t be possible without the BASE® HRA in place."

If you are a self-employed farmer, business owner, or own a small company looking for ways to save on the cost of out-of-pocket medical expenses and health insurance premiums, BASE® has many HRA options available for you to inquire about.  They have the knowledge to help you get started with the proper option for you.  As a self-employed farming team, we highly recommend the Section 105 BASE®HRA to create a means to save on your taxes each year. “

BASE® continues to help clients, just like Colleen, to LOVE their benefits!  Call 1-888-386-9680 to learn more about the tax-advantaged benefit plans BASE® has to offer and the health care savings they provide!

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January is the perfect time to put the focus on your employees’ health and what is in store for the rest of the year!  Creating a healthier work environment is in itself a reward, but when your company can offer extra incentives in the form of a benefit package, all while saving money – that is even better, right?!

Health insurance is one of the first things that come to mind when building a benefit package.  Whether a business has health insurance or not, Health Reimbursement Arrangements are another great addition to enrich benefit packages.  Not sure where to start?  BASE can help by providing business owners with an assessment of their benefits to outline whether there are any tax-advantaged benefit plans that could be providing the business with tax savings.

A Health Reimbursement Arrangement (HRA) is the perfect solution to saving both the employer and employee money with an employer-sponsored reimbursement program.  This tax-advantaged health benefit helps provide employees the health care flexibility they need.  An HRA is an IRS-approved benefit used to reimburse employees for their qualified medical expenses.

Healthy employees are a huge part of a thriving work environment.  Science has proven a direct link between an employee’s health and their productivity.  Employees who are sick and don’t take care of themselves will be absent, unproductive, and may require time out of work if sick.  But employees who are healthy, see their wellness as a priority, and routinely see a doctor, will help keep their business going.  By taking an active role in your employee’s life and incorporating ways for them to take their own health into their own hands, a business can realize savings in many ways – less employee sick days and valuable tax savings.

Employers who offer benefits package, with the addition of tax-advantaged savings on out-of-pocket medical spending, not only have happier, health care-conscious employees, they reap financial benefits.  Let’s get 2019 started off on the right (healthy) foot!  Call BASE® at 1-888-386-9680 or visit our website!

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