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 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 »
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 »
Offering a Flexible Spending Account (FSA) is one of the easiest ways for a small business to provide a valuable, tax-advantaged benefit to employees. Fortunately, setting up an FSA is often much simpler than employers expect. Whether you have five employees or fifty, this guide walks through the basic steps of establishing a Healthcare Flexible
Small business owners often turn to their CPA first when they have questions about taxes, compensation, and employee benefits. Because healthcare costs continue to rise, many clients are looking for practical ways to provide benefits while controlling expenses. Although CPAs are not expected to administer employee benefit plans, understanding the available options can help clients
How CPAs Can Help Small Business Clients Save Money on Employee Benefits Read More »
Many small business owners operate as S corporations and want to take advantage of the same tax-advantaged benefits available to their employees. One common question is whether an S corporation owner can participate in a Section 125 Cafeteria Plan. The answer is generally no for shareholders who own more than 2% of the S corporation.
Can S Corporation or LLC Owners Participate in a Cafeteria Plan? Read More »
Many small business owners ask whether they can simply reimburse employees for the cost of their own health insurance instead of offering a traditional group health plan. The short answer is: Yes, but not by simply giving employees tax-free reimbursements. Federal law generally does not allow employers to reimburse employees for individual health insurance premiums
Can I Reimburse Employees to Buy Their Own Health Insurance? Read More »
Click one of the links below to view the available forms.
