The Mark Perlberg CPA Podcast

EP 92 - Maximizing Healthcare Tax Benefits: HSAs, HRAs, and Strategic Planning


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PS. Whenever you're ready, here are some ways we can help with reducing your taxes...

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We explore powerful tax strategies involving HSAs and HRAs with Dan Pavic to transform medical expenses into significant tax benefits and wealth-building opportunities.

• HSAs offer triple tax advantages: tax deduction for contributions, tax-free growth, and tax-free withdrawals for qualified expenses
• Health Savings Accounts allow for investment opportunities and unlimited rollovers, making them effective wealth-building tools
• Strategic HSA hack: pay medical expenses out-of-pocket, then reimburse yourself years later after funds have grown tax-free
• HRAs provide unlimited reimbursement potential versus HSA's $7,000 annual contribution cap
• Hiring your spouse creates a pathway for reimbursing family medical expenses through your business
• C-Corporations offer unique advantages for health reimbursements due to owner/entity separation
• You can combine HSAs and HRAs to maximize both unlimited deductions and tax-free growth
• HRAs can serve as affordable alternatives to traditional health insurance for employees
• Proper implementation requires formal documentation, compliant reimbursement procedures, and strategic entity structuring

Learn more from Dan at: [email protected]

Go to prosperlcpa.com/apply to explore how these strategies could fit your situation or email [email protected] for access to our upcoming workshop series on maximizing healthcare tax benefits.

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The Mark Perlberg CPA PodcastBy Mark

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