QSEHRA Services And Employee Advocacy
Health Insurance Your Way
With healthcare legislation passed, the Qualified Small Business Health Reimbursement Arrangement (QSEHRA) allows businesses to return health coverage choices to employees. Instead of employers trying to find the best health plan fit for everyone, the QSEHRA allows employees to be reimbursed when purchasing an individual plan in the open market. Employees may still have an opportunity to participate in tax credits*.
What is required?
Per the IRS a written plan document is needed to offer a QSEHRA. Employees purchase their own qualified plan. Employers decide what to reimburse and enjoy the extra time they now have to focus on their business as the QSEHRA has NO messy administration like renewals, open enrollments or participation requirements to meet.
Introducing The Smart HRA!
Smart Choices Healthoffers HRA plan administration to make it easy. The Smart HRA includes the documents needed that outline the terms, information about the company, its agent, plan administrator, plan obligations, and employee responsibilities along with various legal disclosures. Employees can purchase their own personal plan with the help of a licensed agent who will help navigate all the complex options to meet their needs. The team at Smart Choices Health helps employees to file for reimbursements and provides advocacy services when needed. It’s like having your own personal health planning advisor!
*There is no guarantee of tax credit eligibility and is a case by case situation that the Healthcare Marketplace determines when employees apply for coverage.