Section 18001 of the 21st Century Cures Act (Small Business HRAs)

Posted on 1 CommentPosted in Employee Benefits, Health Insurance, Small Business

EXCEPTION FROM GROUP HEALTH PLAN REQUIREMENTS FOR QUALIFIED SMALL EMPLOYER HEALTH REIMBURSEMENT ARRANGEMENTS Section 18001. (Annotated) (a) Amendments To The Internal Revenue Code Of 1986 And The Patient Protection And Affordable Care Act.— (1) IN GENERAL.—Section 9831 (excepted benefits) of the Internal Revenue Code of 1986 is amended by adding at the end the following […]

20 Rules for Operating a Health Reimbursement Arrangement (HRA)

Posted on 13 CommentsPosted in Small Business

Update January 30, 2017: New Health Reimbursement Arrangements are available to qualifying small businesses. Updated December 30, 2016 – If your small business reimburses employee health care costs, you need to be aware that tax laws have changed effective July 2015 and again in December 2016 and there may be actions necessary right now to amend your […]

What options are available to employers who wish to help employees afford the cost of health care?

Posted on 4 CommentsPosted in Employee Benefits, Small Business, Tax Planning, Taxes

Provisions of the Affordable Care Act dramatically changed the tax treatment of employer-paid health benefits. Some of the most popular traditional health plans of the recent past now trigger an extremely harsh tax on the employer. Taxes of up to $36,500 per employee per year kicked in on July 1, 2015 for businesses with less than […]