NEW HRA OPTIONS FOR 2021
Discover the new, affodable ways to offer employee health benefits!
Set a budget and reimburse tax-free for idividual plans and medical expenses using either a NEW ICHRA for 2021 or the existing QSEHRA
Everything you need for tax-free reimbursement (QSEHRA):
- Legal Plan Documents
- Employee On-boarding
- Receipt Tracking
- Compliance Monitoring
- Tax Reporting
Everything in QSEHRA plus some major upgrades for employees:
- A Dedicated “Virtual Health Pro”
- Review and Resolve Medical Bills
- Coordinate Care & Medical Records
- Answer Health Plan Questions
Speak To An HRA Expert Today!
All NEW ICHRA
Everything you need to offer ICHRA to 2 employees or more. ACA plans available to comply with the large employer mandate…ie over 50 employees.
The ICHRA classes are as follows:
- Salaried employees
- Hourly employees
- Seasonal employees
- Employees covered under a collective bargaining agreement
- Employees in a waiting period
- Foreign employees who work abroad
- Employees working in the same geographic location (same insurance rating area, state, or multi-state region)
- Salaried Worker
- Non-Salaried workers (such as hourly workers)
- Temporary employees of staffing firms
- A combination of two or more of the above
All New EBHRA
Businesses that offer an employer-sponsored group health plan to workers now have another way to save money while designing a health benefits package with more choices for employees – the Excepted Benefit HRA.
The new EBHRA is a Health Reimbursement Arrangement designed to pay premiums and related expenses for eligible excepted benefits.
And, while an employer is required to offer a traditional group health plan, an employee can participate in the EBHRA even if they decline to participate in the employer’s group health plan. That’s going to open up a lot of premium savings for workers who are eligible for coverage under a spouse’s or parent’s health insurance.
- COBRA or other continuation coverage
- Short-term, limited-duration coverage (unless prohibited for small employers in a state under a special rule) ƒ
- Excepted benefits, such as dental and vision.