Zane Benefits Publishes New Information on HRA Owner Eligibility
Owner eligibility in an HRA depends on tax filing status.
Park City, Utah (PRWEB) July 12, 2013
Today, Zane Benefits, the online alternative to group health insurance, published new information on HRA owner eligibility.
According to Zane Benefits’ website, a Health Reimbursement Arrangement (HRA) is a flexible tool for small business owners to increase their tax savings and to offer tax-free health benefits. An HRA may reimburse for qualified medical expenses such as co-payments, deductibles, and personal health insurance premiums. HRAs are often used as a small business alternative to group health insurance.
Zane Benefits reviews HRA owner participation for the following owner types and entities:
- C-Corporation Owners
- Sole Proprietors
- S-Corporation Owners
- One-Person Nonprofits
HRA Eligibility: C-Corporation Owners
According to Zane Benefits’ website, C-Corporation ("C-Corp") owners may participate in an HRA, and receive reimbursements 100% tax free. C-Corp owners may use the HRA to reimburse his or her medical expenses, as well as family medical expenses.
About Zane Benefits
Zane Benefits was founded in 2006 to provide a revolutionized SaaS (Software-as-a-Service) administration platform ("ZaneHRA") for Health Reimbursement Arrangements (HRAs) and defined contribution health care. The flagship software provides a 100% paperless administration experience to small businesses and insurance professionals that want to offer better health benefits without a traditional group health insurance plan at lower costs. For more information about ZaneHRA, visit http://www.zanebenefits.com.
For the original version on PRWeb visit: http://www.prweb.com/releases/2013/7/prweb10925763.htm