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.