HRA vs. HSA: Important Decisions for Small Business Owners in the New Era of Health Care
Summary
Health Reimbursement Arrangements HRAs were derived from Section 105 of the IRS tax code that was written in 1954 following WWII in an attempt by the government to encourage small businesses to provide benefits to their employees.While both plans provide small business owners with cost containment solutions for the increases in health care, the requirements levied on an HSA may prove too restrictive to accommodate some employers.To find out more about HRAs, FSAs and other employee benefit plans visit ### Adel, IA, October 11, 2007 --( PR.com )-- With insurance premiums continuing to experience tremendous increases each year, small business owners are facing tough decisions regarding their health care options.However, it is important to scrutinize the details of each plan before making a decision that will impact a small business owner for many years to come.About BASE®:Established in 1999, BASE® is one of the nation’s leading employee benefit administrators.BASE® offers a variety of tax savings plans for small businesses, including the 105 Health Reimbursement Arrangement (HRA) and the 125 Flexible Spending Account (FSA).