Case Study: Bobby Hyatt Insurance Agency achieves $1,589 in annual tax savings and streamlined tax-free employee health benefits with PeopleKeep

PeopleKeep supplies Bobby Hyatt Insurance Agency with a QSEHRA benefit to save over $1,500 in taxes and provide value to employees

Bobby Hyatt Insurance Agency, a three-employee Texas insurance firm led by owner Bobby Hyatt, needed an affordable way to offer health benefits without the cost of a group plan or the tax hit of taxable stipends. After being referred to PeopleKeep, Hyatt learned about the QSEHRA solution as a way to provide tax-free healthcare allowances to his staff.

PeopleKeep implemented a QSEHRA that reimburses employees’ individual premiums and out‑of‑pocket medical expenses tax‑free, including eligible spouse expenses, through its platform. The result: projected annual tax savings of $1,589, employees able to meet their medical needs, and benefit administration reduced to about 3 minutes per month on PeopleKeep’s platform.