Tax Professionals Find Success Partnering With BASE® To Offer HRA

Dec. 14, 2010 - PRLog -- Health insurance premiums and out-of-pocket expenses continue to be a tremendous burden for many small business owners.  For that reason, thousands of tax advisors are looking to help ease that burden by offering their clients a little known tax savings through the BASE® HRA.

Administered by Benefit Administration for the Self-Employed™ (BASE®), the BASE® Health Reimbursement Arrangement (HRA) allows qualified small business owners to go beyond the standard self-employment deduction to deduct up to 100% of their health insurance premiums and out-of-pocket medical expenses from a federal, state, and self-employment tax standpoint.  The result – an average of over $3,800 in tax savings per year!  

Through the BASE® Business Partner program, BASE® has worked closely with tax professionals across the country to offer this tax saving program to qualified small business owners.  As Business Partners, they can offer the BASE® HRA to their clients at a reduced cost of $194 per year as well as receive the support and documentation necessary to properly implement the BASE® HRA for their clients.   As an added benefit, Business Partners and their clients receive toll-free technical support from BASE®’s team of qualified Benefit Specialists as well as online tools.

As January quickly approaches, now is the best time for tax advisors to partner with BASE® to offer this tax saving program to their clients.  While small business owners can enroll in the BASE® HRA at any time during the year, beginning the plan in January ensures that a full calendar year of qualified medical expenses may be deducted.  

If you would like to learn more about the BASE® HRA and becoming a BASE® Business Partner, please contact a BASE® Benefit Specialist at 1-888-386-9680 or visit our web site at http://www.baseonline.com.

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BASE® administers a variety of employee benefit plans that are customized to meet the needs of each client. Plans include:

•Health Reimbursement Arrangement (HRA)
•SamplePay®
•HRA+
•125 Cafeteria Plan (FSA / DCAP / HCPR / POP)