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QSEHRA Video Released — Plan Documents $199

Our QSEHRA video explains the main features of this small employer health plan:

Buried deep within the 21st Century Cures Act of 2016 is a provision outlining an employee benefit option widely applauded by small employers. It may also be a late play by supporters of the Affordable Care Act (ACA) to make that law’s survival more relevant to more people. Whether or not that is the case, the tie-in to the ACA brings more rules and limits, and that means an understandable amount of questions and uncertainties about the new Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) from employers eligible to implement it.

For the most part, the QSEHRA is the same kind of supplemental Plan once known as a stand-alone Health Reimbursement Arrangement (HRA). Small employers unable to afford a group health insurance policy for all of their employees could sponsor a plan that reimbursed medical expenses as they occurred, including insurance premiums. In 2013, the ACA did away with the stand-alone HRA because the plans made it possible for an employee to pay out-of-pocket for expenses without purchasing health coverage either on their own or through an exchange.

The QSEHRA differs from the stand-alone primarily in its ties to the ACA. The first link to the ACA is in the name of the QSEHRA — it is available only to “qualified small employers” exempt from the ACA employer mandate (businesses with fewer than 50 full-time employees).   Another link is that employees must have coverage to participate in the plan, and if that employee is eligible to use a premium tax credit on an ACA exchange to buy insurance, the funds available in the QSEHRA reduce that tax credit.

There are a few other rules intended to guarantee that everyone is treated fairly, particular circumstances to be aware of that can cause benefits to become taxable to an employee, and a handful of other matters that can leave an employer wondering just what he or she is getting into if they put a QSEHRA in place for their employees.

The QSEHRA Video

To help employers get the big picture on all of this as well as cover a few of the more important details, Core Documents has released an explainer video on the QSEHRA. The QSEHRA video is about four minutes long and was internally produced.

It features a friendly benefits administrator who clearly explains to her boss, a qualified small employer, the in’s and out’s of the new QSEHRA which is (to his relief) basically the return of the stand-alone HRA he once had – and which his employees loved. By the end of her clear and concise tutorial, he’s ready to get his Plan Documents package and set up a QSEHRA ASAP.

Founded in 1997, Core Documents is the country’s primary source for affordable Plan Documents required by the IRS and DOL for health benefit plans.

Here is a link to the web page referenced in the video: The Stand-Alone HRA Returns.

Get Your QSEHRA Plan Documents Today!

3D_0008_qseDon’t put off securing this important employee benefit. Core Documents offers its premium Plan documents for the QSEHRA at just $199. If you need help with Plan administration, we offer that, too — just check the box on the order form.

For your convenience, we offer an online order form that thoroughly guides you through the ordering process. Just click the button below to get started.

 

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Read the full text of IRS Notices on QSEHRA plans and Presidential EO 13813:

Qualified Small Employer Health Reimbursement Arrangements (Notice 2017-67)

Presidential Executive Order Promoting Healthcare Choice and Competition Across the United States (EO 13813, referenced in Notice 2017-67)

EXTENSION OF PERIOD FOR FURNISHING WRITTEN QSEHRA NOTICE TO ELIGIBLE EMPLOYEES (answered in Notice 2017-67)