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For many years, the IRS has allowed small businesses to adopt Health Reimbursement Arrangement plans for their employees. The plans allow for your business to pay for things like insurance premiums, dental care, eye care and prescription drugs. The logic is that even though most people have some insurance coverage they still pay out of pocket costs like their portion of premiums, deductibles, doctor visit payments, kid’s braces and co-pays on prescription drugs, among other costs. All of these items can be included in the plan as reimbursable expenses.

This type of plan may cost $150 or more. But NASE Members receive the plan and administrative support at no extra cost to their membership. The NASE plan includes all plan documents specific to your company, a formal adoption agreement for you to execute, an employee eligibility form, a claim form for benefits, an annual report to participants, a complete employee packet ready to give to your employee, specific IRS code citations supporting your deductions and a complete implementation checklist to guide you step by step through the process. With the NASE HRA 105 plan, your medical expenses, including health insurance premiums that you pay out of your family budget, are now 100% tax deductible.