| |
Get expert guidance and support from BASEŽ regarding your Health Reimbursement Arrangement (HRA)
A Section 105 Health Reimbursement Arrangement can save you thousands of dollars whether your business is a Sole-Proprietorship, Partnership, Corporation or LLC. With the BASEŽ HRA, qualified business owners are able to take advantage of a sizeable tax savings by deducting up to 100% of qualifying medical expenses*. More often than not, these businesses only take the standard deduction offered on Form 1040 for their self-employed health insurance costs. My husband and I, through my company Diane Dennis Enterprises, have saved an average of $5,600 each year with a BASE HRA. Speaking first hand, I know its legitimate and a must for business owners. Below is a comparison of the tax savings without an HRA and what you could be saving with an HRA. See why you should not wait to begin maximizing your tax savings today! | Annual Deduction Without BASEŽ HRA | Annual Deduction With BASEŽ HRA | Annual health insurance premiums* | $4,557.00 | Annual health insurance premiums* | $4,557.00 | | Annual out-of-pocket expenses** | $0.00 | Annual out-of-pocket expenses** (including over-the-counter) | $6,344.00 | | Federal and state tax rate*** | x 20% | Federal, state and self-employment tax rate*** | x 35.3% | | Total Tax Savings | $911.40 | Total Tax Savings | $3,848.05 |
* Insurance regulations may prohibit the reimbursement of health insurance premiums in your state. For additional details, please contact a BASEŽ Benefit Specialist. ** Must exceed 7.5% of AGI. *** Assumes 15% Federal and 5% State.
BASEŽ was formed on one basic principle, commitment.As a leading employee benefit administrator, the BASEŽ commitment begins by offering small business owners plans that are customized to meet their specific needs. They offer a variety of plans including the HRA, SamplePay, HRA+, and Cafeteria Plans. BASEŽ Benefit Specialists are available to assist you throughout the duration of your plan. They will work with you one-on-one to ensure your plan and corresponding documentation is always up-to-date and in compliance with government regulations. Click here to learn more about the BASE HRA and start utilizing it today!

|