If you’ve ever heard people talk about a QSEHRA in a meeting or on a webinar, you may have wondered: “How do you actually pronounce QSEHRA?” You’re not alone. It’s one of the most common questions we hear from employers, insurance brokers, and benefits professionals who are learning about Health Reimbursement Arrangements. The good news […]
A Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) allows eligible small businesses to reimburse employees for health insurance premiums and qualified medical expenses on a tax-advantaged basis. Unlike traditional group health insurance, a QSEHRA does not involve the employer purchasing a health plan for employees. Instead, the employer sets a reimbursement allowance, and employees are
A Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) is a tax-advantaged employee benefit that allows eligible small employers to reimburse employees for qualified medical expenses and, in many cases, individual health insurance premiums. Unlike a traditional group health insurance plan, a QSEHRA allows employers to set a monthly reimbursement allowance instead of purchasing health insurance
A Health Reimbursement Arrangement (HRA) can be one of the most valuable benefits an employer offers. Whether you sponsor a traditional Group Coverage HRA, a Qualified Small Employer HRA (QSEHRA), an Individual Coverage HRA (ICHRA), or another type of HRA, your employees rely on the plan to help pay for healthcare expenses. The success of
How to Know When It’s Time to Switch Your HRA Administrator Read More »
Generally, yes, but not necessarily. One of the most common questions employers ask when setting up a Flexible Spending Account (FSA) is whether they must offer the benefit to every employee. The answer depends on how the plan is designed and which employees are eligible under the plan document. While employers have flexibility in establishing
A Flexible Spending Account (FSA) is one of the most valuable employee benefits a business can offer. But even the best-designed plan can become frustrating if it isn’t administered well. Many employers stay with the same FSA administrator for years simply because changing providers seems like too much work. In reality, switching administrators is often
How to Know When It’s Time to Switch Your FSA Administrator Read More »
Health Reimbursement Arrangements (HRAs) have become an increasingly popular way for employers to provide healthcare benefits while controlling costs. Unlike traditional group health insurance, an HRA allows an employer to set a defined contribution amount and reimburse employees for eligible healthcare expenses. However, not every HRA works for every employer. The right HRA depends on
No. An FSA and a Cafeteria Plan are related, but they are not the same thing. A Flexible Spending Account (FSA) is a specific type of benefit that allows employees to set aside pre-tax money for eligible expenses. A Section 125 Cafeteria Plan is the legal framework that allows employees to choose certain benefits on
Yes. A Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) may generally reimburse dental insurance premiums, as long as the expense is an eligible medical expense under the plan and applicable IRS rules. Many employers think of a QSEHRA only as a way to reimburse health insurance premiums. However, a properly designed QSEHRA can often provide
Yes. A business owned by a husband and wife can generally establish and sponsor a Flexible Spending Account (FSA) for its employees. However, whether the owners themselves can participate depends on how the business is organized. In many cases, the owners are not eligible to receive the tax advantages of an FSA, even though the
Can a Husband-and-Wife Business Offer a Flexible Spending Account (FSA)? Read More »
Click one of the links below to view the available forms.
