Articles by George Karl

About George Karl
George Karl, CPA is an expert in Accounting, Corporate Finance, and Personal Finance. George is a holder of a Bachelor's Degree in Accounting from Egerton University. He is currently working as a Chief Financial Officer in an American Owned Investment Bank in Africa. He has over 15 years of experience in finance and taxation.
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QSEHRA

July 23, 2022 George Karl 0

QSEHRA Plan What is a QSEHRA QSEHRA (Qualified Small Employer Health Reimbursement Arrangement), is a new and more efficient type of HRA. It’s tailored for small […]

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An Individual Coverage HRA

July 13, 2022 George Karl 0

ICHRA plans An Individual Coverage HRA (ICHRA) is an employer-funded HRA that allows employers (of any size) to issue tax-free reimbursement for their employee’s individual […]

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FSA Account

May 6, 2022 George Karl 0

What is FSA account A Flexible Spending Account (FSA, also called a “flexible spending arrangement”) is a tax-advantaged healthcare account (Set up by an employer […]

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PPO Plan

May 3, 2022 George Karl 0

What is PPO Plan PPO (Preferred Provider Organization) is a type of health plan that has a large network of partners (hospitals, doctors, and other […]

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HRA Insurance Plan

April 30, 2022 George Karl 0

What is a HRA Insurance Plan A Health Reimbursement Arrangement (HRA) is an employer-sponsored type of health-based account for reimbursing employees with tax-free funds used […]

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SIMPLE IRA

April 26, 2022 George Karl 0

What is a SIMPLE IRA Account Simple IRA meaning A SIMPLE IRA (Savings Incentive Match Plan for Employees) is a workplace retirement plan for small […]

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HDHP

April 13, 2022 George Karl 0

What does HDHP mean in Health Insurance HDHP (High Deductible Health Plan) is a health policy that features low premiums and a high deductible when […]

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HSA Plans

April 9, 2022 George Karl 0

What is the HSA plan Health savings accounts (HSAs) are tax-deferred savings account that helps contributors save and invest for future qualified medical expenses that […]

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Thrift Saving Plan TSP

April 4, 2022 George Karl 0

Thrift Savings Plan explained A thrift savings plan TSP is a tax-deferred plan available to federal and uniformed services workers which includes the Ready Reserve. […]