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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been recently reviewed or revised by the author and may be out of date.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
