HRA Benefits Chiropractic

A couple weeks ago I shared the HRA concept with Dr. Jason Fullmer a fellow member of NExT (Network Exchange Team) and a Chiropractor. As I shared the HRA idea with him he was very interested but cautious. It seems that many of his patients' medical insurance plans cap the benefits for chiropractic service.


When he learned that the HRA reimbursement could be used for approved medical expenses including chiropractic he quickly saw that the insurance company cap wouldn't prevent the patient from using the balance of the HRA reimbursement for chiropractic treatment modalities. Since Dr Fullmer is also deeply involved in natural treatment modalities he saw how the HRA could benefit his patients there too.


Indeed the HRA flexibility is one of its best features. This same flexibility also places the buying power in the hand of the patient. This indeed will reduce costs since the patient is now part of the medical decision-making loop.


For more information on the HRA visit our website http://www.pahealthteam.com

HRA & the Sole Propietor

It seems that only the big get the breaks. Not so with the HRA. A qualifying Sole Proprietor can save a bundle with an HRA.

How? The HRA allows reimbursement for lots of health related expenses: health insurance premiums, glasses, dental work, deductibles, co-pays... and this is only a partial list (see IRS Pub 502 - Health & Medical Expenses)

In a prior blog I mentioned that my wife and I paid over $1200 per month in health insurance premiums. Under an HRA that would be a deductible expense for my business. That would save Federal, State, Local, and self employment taxes. Plus it would not be income to me personally. That's $1200 per month and only a start. It's not a raise but it does save taxes!

That is a good deal. Save money and get health insurance!

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Paul Zane Pilser

Cover via Amazon

A friend ask about the author I referenced, Paul Zane Pilser. I've read two of his books but only after reading the one titled "The New Health Insurance Solution".

For a synopsis of that work check out this you-tube link where he is interviewed and discusses his book.

http://www.youtube.com/watch?v=mh_MGyx9tgc

He'll give more than enough reasons for not seeing government health insurance as a solution.