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GRBJ Highlight: Guidance on HRAs for qualified small employers and their qualified employees

April showers brings May flowers.. or great advice from Katie Evans!

This month Katie provides guidance on HRAs for small employers and employees.

“Prior to the Patient Protection and Affordable Care Act of 2010, health reimbursement arrangements, or HRAs, had been a familiar item, particularly to small businesses. As a result of the change in law, employers have been penalized for providing HRAs to their employees, causing many to turn away from the traditional HRA.

In 2016, however, the 21st Century Cures Act was introduced. This new legislation allowed for a modified version of an HRA, which now provides a way for employers to offer qualified small employer health reimbursement arrangements, or QSEHRAs,¬†with no tax penalties.”



Read all about it at Grand Rapids Business Journal!

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