News Bytes

• NNBA co-sponsored Rose Clifford's Annual Conference and Reunion in July.
• The NNBA website has a new look and new pages of resources and facts for self-employed nurses.
• Advertising space is now available on the NNBA website. For details, see the NNBA website.

Rose Clifford's Reunion

On July 21–23, 2006, the National Nurses in Business Association co-sponsored an event with Rose Clifford’s Internships in rural Cynthiana, Kentucky. The event is presented annually and provides quality education in a unique environment.

The event was housed in a unique barn-like structure that was conducive to
learning in a relaxed atmosphere.

Experts presented quality advanced educational content.

Speakers left to right are Patricia Ann Bemis, president of the National Nurses in Business Association, Rebekah Walton, paralegal, and Stephen Issacs, attorney. Other speakers were Cathy Thomson, MD, trail consultant; Bills Sills, MSN RN ARNP CLNC; Kathey Martin, MSN RN CPHQ; and Jean Issacs, CMT. Sharon and Paul Martino demonstated a computer based system for legal nurse consultants.

Tobacco fields, wild flowers, horses, and cattle provided an
unusual backdrop for this unique event.

Dan Clifford and Paul Martino roasted a pig while corn-on-the-cob and
potatoes baked in the coals. Homemade side dishes completed the exquisite meals.

Next year's event is July 20-22, 2007 - Reserve the dates of your calendar
See you next year at Rose's place!

17th Annual NNBA Conference & Reunion

Click here to see conference agenda with speaker photos

Click here to see pre-conference seminars - October 11, 2006 - Wednesday

Preconference Seminars:

• Turn Your Nursing Knowledge into a Book
• Start a Nursing Agency Business
• Self-Employed RN: Choices, Business Aspects, & Marketing Strategies
• Your Own Education Business: Strategies for Success
• Emergency Instructor Workshop

Register now and reserve your hotel room to get the group rate of $129.00. Non-group rates are $249.00.

Health Reimbursement Arrangement

It has become popular by employers to reimburse employee(s) for all their medical expenses, not just health insurance premiums. This is due to the IRS blessing (RR 71-588 and TAM TR-32-242-93), the Health Reimbursement Arrangement (HRA). The employer treats the reimbursement as an expense on his schedule C or F.  The employee receives tax free reimbursement of his medical expenses.    

An employer benefits with an individual HRA if he pays his own medical bills and employs his spouse.  Without an HRA he receives a tax break from federal income tax for health insurance premiums only.  With an HRA he receives a tax break from federal income tax and FICA for health insurance premiums, out-of-pocket expenses, deductibles, and just about any other medical expense you can imagine.  The average tax savings for an individual HRA is $2,100.  The employer with two or more employees can set up a small group HRA, eliminate his group health insurance, and pay all, or none, of different categories of medical expense; or he can set up a one-limit HRA to allow a fixed sum that his employees can use for any verifiable medical expenses. 

Sole proprietors, partnerships, and corporations can set up HRAs.  The benefit to each varies with the tax law.  There must be at least one employee, an employment paper trail (W-2, 941), and a plan document.  The plan document can be obtained from accountants, tax preparers, or insurance agents.
Set up a HRA and enjoy the tax savings.  

Call or email me with questions,
Aldon Maleckas
Phone (231) 843-3760
salesman63@carrwblue.net

Franklin Business Management
Accounting - Taxes - Health Reimbursement Arrangements - Premium-Only-Plans