President Obama signed new legislation on December 13, 2016 allowing small employers (those employers with fewer than 50 full-time employees with no group health plan) the ability to offer their employees a stand-alone health reimbursement arrangement (HRA) called a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA). Medical expenses, including health insurance premiums, will be able to be reimbursed by the employer through the QSEHRA. It will be available for years beginning after December 31, 2016, however certain requirements must be met in order for an employer to offer this new type of HRA.
Requirements for providing a Qualified Small Employee Health Reimbursement Arrangement
This new legislation:
For more information, please contact Christine Bentson, CPA, RPA CEBS, at 651-407-5808 or firstname.lastname@example.org
Christine Bentson leads the retirement/benefit plan department at Redpath and Company. She specializes in establishing, designing and administering employee benefit and retirement planning services for closely held business clients, as well as preparation of government reporting for welfare benefit plans. Christine is a Retirement Plans Associate and Certified Employee Benefit Specialist, and has provided public accounting services since 1987.More posts by Christine Bentson