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Earn up to an additional $1200 per month, or more, without getting a second job... and keep yourself in good health while you're at it!
By Diane Dennis © 2005

 

The IRS Health Reimbursement Arrangement (IRS HRA)

While just about any business setup can take advantage of this, it's the sole-proprietors that really make out.

The IRS Health Reimbursement Arrangement (IRS HRA) is a program that allows you to recover your insurance premiums and ALL of your out-of-pocket medical expenses by deducting 100% of these costs from your Federal, State, and Self-Employment taxes.

Without this program, you can only deduct, at best, 80% of these costs as a personal deduction from your Federal taxes ONLY.

Now this isn't chump change we're talking about here, you can actually deduct 100% of your family's medical expenses, including health insurance premiums, deductibles, co-pays, eyeglasses, contact lenses, dental work and appliances, prescriptions and so much more.

Most importantly, the HRA deduction is taken on the owner's business tax return, which can reduce your federal, state, and self-employment taxes! This is where the "Earn up to $1200 per month, or more, without getting a second job... and keep yourself in good health while you're at it!" comes in...

Health insurance rates are outrageous

Health insurance rates are skyrocketing but I'm sure I don't have to tell you that. Our health insurance premiums have risen 50% over the past four years. And while the premiums continue to rise, so do the out-of-pocket expenses and deductibles related to doctor's visits, prescriptions, etc. We are easily spending $1200 per month on health related expenses, what with insurance, co-pays, medication prescriptions, braces, glasses, contact lenses, etc.

Get paid to take care of your health

By taking advantage of the IRS Health Reimbursement Arrangement we are able to deduct 100% of our health related expenses. That's $1200 per month! It's just like earning a part-time paycheck without the exhaustion of a second job. Matter of fact it's better because it's like you're being paid to take care of your health.

When you can deduct the expenses it just doesn't make sense to not take care of your health and utilize the IRS HRA.

It is not a requirement that you have health insurance

You can use any health insurance plan with the IRS Health Reimbursement Arrangement including whatever plan you may be on now. If you don't have health insurance yet, now it's affordable no matter how much it costs.

If you don't have health insurance and don't want health insurance, no problem. Having a health insurance plan is not a requirement to qualify for the IRS HRA. You can still deduct 100% of your medical expenses whether or not you have health insurance! :)

Learn more and stop those medical expenses from draining your bank account

While not every small business owner qualifies for an HRA, those who do qualify cannot afford to miss out on these additional tax savings. Since 1999, small business owners nationwide have been using the BASE program to fully deduct 100% of their family's medical expenses!

Steven Schuetz is the one who introduced us to this program and he's waiting to hear from you so he can tell you how to take advantage of this extraordinary savings opportunity from the IRS.

Please fill out the form today to learn more about this tax savings plan.

Steven Schuetz,
BASE Representative

Please click here to request information

 


Diane Dennis is the Webmistress of www.TheContractorsGroup.com, a website designed to help contractors through the myriad of pitfalls that abound in the contracting world. She's a graduate of "The School Of Hard Knocks" and she's always willing to share her experiences, even when no one wants to listen... ;) This article can be reprinted provided it is done so in its entirety including this bio. If you do use this article, please let Diane know by sending an email to her at diane@thecontractorsgroup.com
 

 
Special note from TheContractorsGroup:

Steve Schuetz is the one that introduced us to the IRS (HRA) Health Reimbursement Arrangement.

We are a small business and don't have time for ridiculousness, so it was refreshing that Steve got right down to business.

I kid you not, we are absolutely astounded by the fact that we can now get the government to pay for 100% of our co-pays, life insurance premiums, disability insurance premiums, prescriptions, dental work, contact lenses and glasses, and many other qualifying expenses.

Absolutely 100%! [before this program, we were only able to write off the portion that was over 7.5% of our adjusted gross income].

You've got to check this out now!

 

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Any part or portion or section of this website may be copied or reproduced in any manner as long as I am given full credit and a working link back to this site. When using forms obtained from this site, please do not remove the copyright information at the bottom, unless and until you receive explicit written permission to do so.

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Webmistress: Diane Dennis fax 866-480-7105 (why no voice phone)
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