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QSEHRAs and what they mean for your small business

WEX Inc.

If you’re a small business owner, the qualified small employer health reimbursement arrangement (QSEHRA) might be the benefits plan you’re looking for. You and your employees both save money because your reimbursements of their expenses are tax-free. How does a QSEHRA compare with other HRAs? What is a QSEHRA?

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IRS Affordability Safe Harbors Help Avoid ACA Penalties

ACA Times

On an annual basis, ALEs are required to offer certain health coverage under Section 4980H of the Internal Revenue Code and file information returns to the IRS regarding such health coverage under Section 6056 of the Code. Take that product and multiply it by the 2021 affordability threshold, 9.83%.

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ICHRA 101: The basics and why they might be right for you

WEX Inc.

Individual Coverage Health Reimbursement Arrangements (ICHRAs) were rolled out prior to COVID-19 striking the United States, but the demand for this new product is expected to skyrocket, as more and more employers look for ways to bring stability to their healthcare costs. How does an ICHRA work?

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What is a medical expense reimbursement plan (MERP)?

PeopleKeep

Several new health benefits plans have become available to employers in recent years that allow organizations to offer healthcare to their employees without purchasing group health insurance. One of these plans is a medical expense reimbursement plan (MERP), also known as a medical reimbursement account (MRA) or MERP plan.

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Projected Healthcare Costs for 2023

Zenefits

Businesses still want their employees to be provided with quality care, to enhance their mental and physical health, and to create a marketing strategy for recruiting and retaining purposes. Health benefit costs rose 6.3% Health benefit costs rose 6.3% First, it helps to know how healthcare costs are rising, and why. on average.

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4 Health Insurance Options For Small Business Owners

Genesis HR Solutions

As one of the most expensive aspects of running a small business, health insurance is top of mind for many employers. Why Health Insurance For Small Businesses Matters. Offering quality health insurance plans as a small business owner gives you a competitive edge when recruiting and hiring talent. Are there alternatives?

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DOL Clarifies Cures Act’s Effect on HRA Guidance

HR Daily Advisor

The effect of the recent 21st Century Cures Act on health reimbursement arrangements (HRAs) was clarified by the U.S. Departments of Health and Human Services (HHS) and the Treasury. With respect to EPPs and HRAs that do not qualify as QSEHRAs, the Departments’ prior guidance continues to apply.”