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Health Reimbursement Account

Health Reimbursement Account

💡 Did you know your business can reimburse medical expenses—tax-free—for you and your family?
A Health Reimbursement Arrangement allows business owners to set up a plan that reimburses employees—and their families—for qualified medical costs. That includes:
🔹 Everyday healthcare expenses
🔹 Over-the-counter medicines and menstrual care products
🔹 Expenses for your spouse and dependents
🔹 Even your children under age 27
The best part? These reimbursements are tax-free to the employee and tax-deductible for the business—a win-win strategy.
👉 By putting a plan in place, you can turn personal medical expenses into a legitimate business deduction.
If you’re a business owner, this is a powerful tool to keep more money in your pocket.

Video Script
Did you know your business can reimburse medical expenses, tax-free, for you and your family? With a Health Reimbursement Arrangement, or 105-HRA, business owners can set up a plan that pays back employees—and their families—for qualified medical costs. That includes: Everyday healthcare expenses, over-the-counter medicines and menstrual care products, medical costs for your spouse and dependents and even coverage for children under age 27. Here’s the best part: reimbursements are tax-free to the employee and tax-deductible for the business. By putting a plan in place, you can turn personal medical bills into legitimate business deductions—keeping more money in your pocket. This has been a tax saving tip from Accounting Solutions. Book a time to learn more.

Disclaimer: This content is provided for educational purposes only and is not legal, tax, accounting, or financial advice. Every situation is unique, so consult your own attorney, CPA, or financial advisor before making decisions based on this information.