The calculator works by helping estimate the amount of taxes you and your employees could save each month with a QSEHRA or ICHRA compared to adding to your employees' salaries.
Here are the assumptions we have made:
- Employer Payroll Tax = 15%
- Employee Income Tax = 25%
These numbers may vary based on your location and local taxing authorities, but these are good guesses for most markets.
The "Without an HRA" number is calculated by multiplying the number of employees, the average monthly reimbursement, and the tax rates above.
The "With an HRA" number represents the fees charged by Take Command to setup and administer a QSEHRA or ICHRA. The monthly charges are a $40 platform fee plus $20 per employee.
The "Savings" are the difference between the two figures above.