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Did you know
that small business employers now have more ways to contribute to their
employees’ health care costs?
The individual
coverage Health Reimbursement Arrangement (HRA) is an alternative to offering
a traditional group health plan, such as Small
Business Health Options Program (SHOP) coverage, to your
employees. It’s a specific account-based health plan that allows employers
to provide defined non-taxed reimbursements to employees for qualified
medical expenses, including monthly premiums and out-of-pocket costs, like
copayments and deductibles. Employees must be enrolled in individual market
health insurance coverage to use the funds.
CMS has
developed a dedicated resource webpage with webinar slides,
fact sheets, calculators, and other useful resources to help you learn more
about the individual coverage HRA and decide if it’s right for your small
business.
Click the
button below to find a variety of materials, including:
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