Why HRA?
The average employee and spouse retiring today will probably spend well over $300,000 in post-employment healthcare costs and premiums. Healthcare expenses for active employees are increasing as well. The need is obvious. You, as an employer, can help employees prepare for this growing need. The solution is the tax-free HealhSecure HRA (Healh Reimbursement Arrangement from VALIC). State income taxes can apply in certain states.
A Health Reimbursement Arrangement (HRA) is a tax-free benefit plan that can be used anytime to pay or reimburse qualified out-of-pocket healthcare costs and premiums for employees, spouses and tax qualified dependents.
It is funded by the employer and reimburses employees for medical care expenses incurred by the employee, spouse or tax qualified dependents.
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