IndividualS
Simple Health Reimbursement Arrangement (HRA) 105
FEBCO has coordinated a number of complex tax codes (including IRS Code Section 105 and many others) that allow qualified small business owners to deduct 100 percent of family health care costs with the SIMPLE 105 Health Reimbursement Arrangement (HRA). And as these costs increase each year, so do your savings!
Without this plan in place, business owners can deduct only a portion of health care expenses - often less than half of the typical family's outlay. Best of all, your ability to qualify for the SIMPLE 105 Health Reimbursement Arrangement (HRA) is simple. Answer yes to these three questions, and you may already be eligible.
Qualifications:
- Are you self-employed and married?
- Does your spouse help in the business, even part-time?
- Do you pay for some or all of your family's medical expenses?
FEBCO is finding ways to help small business owners save money. With over 20 million entrepreneurs across the country, FEBCO is creating opportunities to move the spirit of going it alone into the 21st century.