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Tax Incentives

The rising cost of health care has become a barrier to small business owners succeeding in today’s busy marketplace. While there is no method to completely eliminate health care concerns, there is a way to save thousands of tax dollars each year. The Association 105® HRA is a simple, yet effective solution to greatly diminish the barriers created by the high costs of health care. Clients average $3,800 in tax savings with their enrollment in the program.

With the Association 105® HRA, small business owners who qualify are able to take advantage of tremendous tax savings by deducting up-to 100% of qualifying medical expenses and health insurance premiums. More often than not, small businesses only take the standard deduction offered on Form 1040 for their self-employed health insurance costs. Enrollment in the Association 105® HRA gives employers the opportunity to deduct both their premiums and qualified out-of-pocket expenses on their business tax return.