Article Date:
September 2018


Word Count:
1465

 

 

Avoid Penalties—Give Notice of 2019 HRA Medical Plan on Oct. 2


As a small employer (fewer than 50 employees), you should consider the qualified small-employer health reimbursement account (QSEHRA) as a good way to help your employees with their medical expenses.

 

In this article, you will learn how the QSEHRA medical plan benefits both the employer and the employee, as well as who qualifies and who doesn’t.

 

In the headline, you saw that there’s an October 2 deadline for your required written QSEHRA notice to employees of the 2019 plan. The written notice must be given at least 90 days in advance to avoid penalties.1

 

The reason behind this seemingly strange “far in advance” October 2 requirement is to give employees the time they need to make informed choices about their individual health insurance before the QSEHRA becomes effective.

 

The QSEHRA can reimburse individually purchased insurance without suffering the $100-a-day per employee penalty. This makes the QSEHRA an attractive plan.

 

Benefits for You, the Business Owner

 

When deciding on health plans for yourself and your employees, you have ... Log in to view full article.

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