HRA Tax Savings Calculator

Health Reimbursement Accounts (HRAs) are medical reimbursement programs that enable qualified business owners to deduct federal, state, and FICA taxes for family medical costs.

What could you be saving with an HRA plan? Get an instant estimate of your own personal savings by filling out this form.

Monthly Health Insurance Premiums

Monthly Long Term Care Premiums

 Include any vision, accident, hospital indemnity, cancer and dental insurance premiums.

Annual Out-of-Pocket Expense

 Include vision, dental, prescription drugs, co-pays, deductibles, and over-the-counter medical supplies. Over-the-counter medications will no longer be eligible after Jan. 1, 2011 without a letter of medical necessity from your physician.

State

Select StateAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonDistrict of ColumbiaWest VirginiaWisconsinWyoming

Federal Tax Rate

Select One10%15%25%28%33%38%

State Tax Rate

Select One0%1%2%3%4%5%6%7%8%9%10%

Self-Employment Tax Rate

Select One15.3%2.9%

Sub "S" Corporation

 Yes

 No

 A sub "S" corporation will realize tax savings through decreased self-employment tax savings.

Values are estimates only. Your results may vary.