"AskTony" column archive

This Web site contains a compilation of more than a thousand consumer finance columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today. New material will be added beginning in late 2010.

Content is the opinion of the author and does not represent the position of any other person or entity. Information is from sources believed to be reliable but cannot be guaranteed.

The author is paid for product endorsements and has an ownership or other financial interest in the businesses related to the topics covered.

Freedom Benefits Insurance Exchange - your source of valuable information on state and federal health reform benefits.

Core Health Plus - America's favorite mini-med insurance with affordable premiums, freedom to choose providers, optional PPO discounts and guaranteed eligibility regardless of medical conditions.

Please support the Web sites that make publication of AskTony services possible.

HRA plan for non-profit organization

originally posted: 11/22/2006 reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If you notice an error or are in doubt, please send a new question by email or ask for an update. Email asktony@tonynovak.com.

Q: Is the sole employee of a 501(c)(3) organization eligible for a Health Reimbursement Arrangement? If this is available, how would it be different from the regular small business health plan and what is the price?

A: Yes, although there are no specific reference to this issue in the tax laws or IRS publications, we may assume that in the absence of any disqualifying circumstance then this type of health plan is allowed for a non-profit organization. The regular HRA plan at Freedom Benefits will be suitable without modification. The fee is the same ($150) for a one person plan as for a multiple person plan.

Summary

More resources:

http://www.freedombenefits.org/HRA.htm