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How Nonprofits Can Offer Affordable Health Insurance
According to Statista, staff transition (turnover) was the single biggest challenge faced by nonprofits in 2019. When resources are tight, nonprofits can have a hard time finding the funds to cover...
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Is a Group Coverage HRA Right For My Organization?
As with any employee benefit, it’s important that you choose an HRA that meets your employees’ needs and your organization’s goals. Following are questions you can ask to determine whether a group...
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An Introduction to the Qualified Small Employer HRA (QSEHRA)
In 2013, IRS Notice 2013-54 issued guidance on the Affordable Care Act that prohibited businesses from using HRAs to reimburse insurance premiums.
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HRA Eligibility By Type of Small Business Owner
A Health Reimbursement Arrangement (HRA) is a flexible tool for small business owners to increase their tax savings and to offer tax-free health benefits. An HRA may reimburse for qualified medical...
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eBook Helps Small Businesses Hire and Retain Top Talent
For small- to medium-sized employers, the loss of a single key employee can be devastating; it can mean the difference between accomplishing a key business goal and falling short. To help our...
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Individual coverage HRAs (ICHRA) and Medicare
It’s common for employees of small businesses to opt for Medicare over their employer’s group health insurance plan because the benefits are often better. Even so, Medicare recipients also tend to...
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Individual coverage HRA (ICHRA) vs. QSEHRA: How do they compare?
The qualified small employer health reimbursement arrangement (QSEHRA) and the individual coverage health reimbursement arrangement (ICHRA) are two health benefits plans uniquely suited for small...
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IRS adds ICHRA affordability codes to Form 1095-C
The employer mandate of the Affordable Care Act requires employers with 50 or more full-time equivalent employees (Applicable Large Employers, aka ALEs) to offer healthcare coverage to their full-time...
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2021 HSA contribution limits
The IRS announced the 2021 HSA contribution limits in May in Revenue Procedure 2020-32, as well as minimum deductible and maximum out-of-pocket expenses for the HDHPs (high-deductible health plans)...
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ICHRA Affordability and Premium Tax Credits
On June 13, 2019, the federal government released a final ruling that created a new HRA called the individual coverage HRA (ICHRA) and included guidelines for making coverage under the HRA...
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Lost your group insurance to COVID-19? Check out the individual market trends...
The impact of COVID-19 on our lives is undeniable. For those who have lost their health insurance, it hits even closer to home. Especially now when health benefits are more important than ever, many...
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Can section 125 plans be used with an ICHRA?
Both individual coverage HRAs (section 105 plans) and cafeteria plans (section 125 plans) help employees save on medical costs, but can they be combined? Read more to learn how.
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What Percent of Health Insurance is Paid by Employers?
When evaluating a new or existing health insurance program, your organization's contribution strategy is an important consideration. In simple terms, how much will individual employees pitch in for...
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Can I offer an ICHRA only to out-of-state employees?
The flexibility of individual coverage HRAs (ICHRAs) make them an ideal benefit for employers interested in providing a health benefit to a diversified workforce. For example, ICHRAs make it easy to...
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7 ways to save on health insurance
The rising cost of health insurance has created negative consequences for many American families. According to KFF1, six in 10 U.S. adults put off receiving necessary medical care in 2023 due to cost,...
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Can I offer a health insurance stipend?
For many small and medium-sized businesses (SMBs), offering a traditional group health plan is an expense it simply can't afford. Luckily, other more affordable and flexible options make offering...
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Section 125 premium-only plan rules & regulations
Employers can have difficulty enticing and retaining talented workers in today’s tight labor market. One way to make your business more attractive is by offering a top-notch employee benefits package...
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What is a consumer driven health plan (CDHP)?
An employer’s health insurance benefits are a serious consideration for job seekers. But, offering traditional group insurance can be expensive and tricky. As group plan rates continue to rise for many...
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Health insurance options for pastors and clergy
When offering health insurance to pastors and clergy, churches with tight budgets may feel like they have no good options. Some large independent churches and many denominations offer group health...
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What is Form 8692?
To effectively navigate the complex world of tax filing, it's important to have a comprehensive understanding of the various forms and requirements the IRS requires you to complete based on your...
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