This week’s article is by Arthur F. Rothberg, Managing Director, CFO Edge, LLC.
Effective January 1, 2017, QSEHRAs – or Qualified Small Employer Health Reimbursement Arrangements – are again a way for firms with fewer than 50 employers to offer healthcare benefits.
Reviewed in this week’s full article…
…is how QSEHRAs let employers (who are not offering group policies) reimburse employees for health insurance policies they buy for themselves and their families, for their copays and for their out-of-pocket expenses.
Eliminated by the Affordable Care Act (ACA) but reauthorized in the 21st Century Cures Act at the end of 2016, QSEHRAs have a number of requirements that employers must meet. For example, the company should have fewer than 50 full-time employees, cannot offer a group health insurance plan, and cannot use reductions in employee salaries to fund its HRA.
Los Angeles and Southern California executives looking at whether a Qualified Small Employer HRA is advantageous for their companies can benefit from talking with a provider of outsourced CFO services.
An on-demand chief financial officer brings enterprise-grade expertise assessing health insurance offerings, weighing costs and benefits of the many options, and recommending a course of action that best aligns with HR goals and employee needs.