The number one concern for many small business owners providing employee benefits is the high cost of medical insurance. Employers want to provide comprehensive major medical protection but they need it to be affordable.
Fischer Financial Group strategy combines a high deductible major medical plan so you can:
Save on premium - up to 30%
Create tax deductions
Improve cash flow
Meet employee coverage needs
Achieve company benefit goals
High Deductible / HRA Strategy
A Health Reimbursement Arrangement - or HRA - is a tax-favored program that allows an employer to reimburse employees for a portion of their medical expenses. A high deductible plan and an HRA offer everything you need for affordable, quality health insurance.
Affordability - Clear choice high deductible plan:
Delivers premium savings of up to 30% verses a typical low-deductible copay plan.
Offers quality major medical coverage including extensive inpatient, outpatient, and wellness benefits.
Flexibility & Accountability - The federally-approved HRA program lets you structure a plan that:
Satisfies your specific benefits goals.
Gives you greater control over health expenses and company cash flow.
Encourages employees to be smarter consumers of health care services.
Capitalize on the many advantages HRAs offer you and your employees!
You agree to reimburse your employees for a portion of their medical expenses, typically by covering part of their deductible. You can help fund these reimbursements using premium savings gained by switching from an expensive, low deductible plan to an economical, high deducible plan.
Advantages for Employers
Reimbursements are tax deductible.
You do not need to pre-fund an account. Reimbursements may be made from your business' general account. This flexibility allows for greater control of cash flow.
HRAs are available to any size group.
If the employee terminates, you can retain ownership of the funds
You have great flexibility in HRA plan designs.
Fischer Insurance Agency 1735 East 3rd Street
Williamsport, PA 17701
