With the BASE® Health Reimbursement Arrangement (HRA), you are capable of delivering thousands of dollars in tax savings to self-employed business owners. The BASE® HRA allows qualified business owners to deduct up-to 100% of family health care costs, including insurance premiums* and qualified out-of-pocket medical expenses. BASE® HRA clients save an average of over $4,500 each year in taxes. That’s $375 per month of new-found cash you can put in their hands! With more money available to them, these business owners will have more money to purchase the products and services you offer.

Small business owners who enroll in the BASE® HRA are taking advantage of several IRS tax codes which define “Health Reimbursement Arrangements” or HRAs. BASE® is committed to our clients, and for every HRA:

  • Ensures that the plan is in full compliance with all current federal and state tax laws and insurance regulations.
  • Creates the necessary plan documents as required by the Internal Revenue Service (IRS), Department of Labor (DOL), Employee Retirement Income Security Act (ERISA) and the Affordable Care Act (ACA).
  • Performs an annual adjudication of all medical expenses as required by the IRS.
  • Provides each client with an Annual Summary Report (ASR) which summarizes all deductions that will be allowed for their business tax deduction.

*The Affordable Care Act may not allow the reimbursement of health insurance premiums based on business size and plan design. For additional details, please contact a BASE® Benefit Specialist.