You can have both an HRA and an HSA if the HRA is designed to meet IRS compatibility rules. This article explains eligibility requirements, plan design options, and strategies to maximize the benefits of using both accounts together.
Can You Have an HRA and an HSA? Complete Guide Read More »
Health Reimbursement Arrangements (HRAs) let employers reimburse employees for eligible medical expenses tax-free, offering valuable savings for both parties. This article explores the HRA account pros and cons, such as tax benefits, cost control, and employee satisfaction, alongside potential drawbacks like administrative requirements, funding commitments, and limited portability.
HRA Account Pros and Cons: Is a Plan Right for You? Read More »
A Limited Purpose HRA is a tax-free reimbursement plan that covers only dental and vision expenses, allowing employees to maintain HSA eligibility. It is funded solely by the employer and offers flexible benefits without disqualifying employees from contributing to a Health Savings Account.
Limited Purpose HRA: What Are They and How Do They Work? Read More »
Section 105 HRAs allow employers to reimburse employees for medical expenses tax-free—but only if strict IRS rules are followed. This article breaks down how to properly process reimbursements, what expenses qualify, and the documentation needed to stay compliant.
The Ultimate Cheat Sheet to HRA Reimbursement Rules in 2025 Read More »
Navigating employee health benefits can be overwhelming for small business owners, but Section 105 plans offer a surprisingly simple and tax-efficient solution. Also known as Health Reimbursement Arrangements (HRAs), these employer-sponsored plans allow businesses to reimburse employees for medical expenses using pre-tax dollars.
HRA for Dummies: How do Section 105 Plans Work Read More »
A Section 105 plan allows employers to reimburse employees for medical expenses on a tax-free basis—but only if the plan is properly documented. This article outlines the key components of a compliant Section 105 plan document, including required language, eligibility rules, covered expenses, reimbursement procedures, and legal disclosures.
Section 105 Plan Template: IRS Compliant Language Read More »
This article outlines the most common reimbursable items—such as doctor visits, prescriptions, dental care, and insurance premiums—while also highlighting lesser-known qualified expenses like fertility treatments and medical travel.
Section 105 Plan Eligible Expenses: Here is the List Read More »
Section 105 plans allow small businesses to reimburse employees for medical expenses on a tax-free basis. These plans offer valuable tax savings but must follow strict IRS rules. Limits apply to eligible expenses, participant eligibility, benefit amounts, and administrative procedures.
Section 105 Plan Limits: Restrictions and Benefit Caps Read More »
Can an S-Corp offer an HRA? We discuss the #1 strategy for structuring a Section 105 Health Reimbursement Arrangement (HRA) specifically for S‑Corp owners. It highlights tax‑saving structures and legal compliance.
S-Corporation Owners: The #1 Way to Structure a Section 105 Plan Read More »
