NASE HRA 105
Deduct up to 100% of your health insurance premiums and non-insured medical expenses from federal, state and self-employment taxes. Save an average of $3,800 a year!
The NASE HRA (Health Reimbursement Arrangement) 105 can provide significant tax savings for the small-business owner who incurred any qualified medical expense that is not reimbursed by insurance. NASE Members utilizing an HRA can save over $3,500 in annual income tax expense.
Utilizing a formal IRS qualified Health Reimbursement Arrangement, you could be deducting these basic expenses:
- Health insurance premiums
- Dental insurance premiums
- Prescription medications
- Over-the-counter medications
- Vision care and eyeglasses
- Doctor's office visits
- Chiropractor care
- Deductibles and co-payments
The NASE HRA allows small-business owners to deduct qualified medical expenses from federal, state and local taxable income as well as from net earnings from self-employment. Your specific plan can be customized to your specific needs adding maximum flexibility to the needs of your business, while saving significant tax dollars.