La Voie Insurance offers Health Reimbursement Arrangements (HRAs), an employee benefit plan enabling employers to reimburse their employees for qualified medical expenses not covered by their health insurance. This tax-advantaged arrangement provides financial assistance, empowering employees to effectively manage healthcare costs.
The Benefits of HRA Implementation at La Voie Insurance
Implementing an HRA with La Voie Insurance can have numerous advantages for both you as the employer and your employees.
- Tax Savings: Employers can deduct HRA reimbursements as a business expense, reducing their taxable income. Employees also enjoy tax savings as HRA reimbursements are typically tax-free.
- Flexible Reimbursements: HRA allows employees to spend the reimbursement funds on a wide range of qualified medical expenses, including deductibles, co-pays, prescription medications, dental and vision insurance.
- Customizable Plans: La Voie Insurance can tailor the HRA plan to meet the specific needs of the employers and the employees. This flexibility allows for greater employee satisfaction and retention.
