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We use a Qualified Small Business HRA administered through PeopleKeep. Basically your employees buy their own insurance plans and submit for reimbursement up t
by stevesearer 5y ago
We use a Qualified Small Business HRA administered through PeopleKeep.
Basically your employees buy their own insurance plans and submit for reimbursement up to a specified dollar amount. They can also be reimbursed for other qualified medical expenses in addition to health insurance premiums.
Using this program the employees do not qualify for healthcare subsidy.
We tried to do a traditional group plan initially, but didn’t have enough employees in a single state to qualify.
https://www.healthcare.gov/small-businesses/learn-more/qsehra/ https://www.healthcare.gov/small-businesses/learn-more/qsehr...
- issa 5y agoAs a temp solution we've just been reimbursing people and having them get their insurance on the exchange. Probably about the same.
- stevesearer 5y agoSome employees might qualify for a subsidy which would end up making your company health insurance plan subsidized by the government which isn't allowed. Having a 3rd party administrator is also good so employees aren't having to submit private health insurance documents to you for reimbursement.
- issa 5y agoInteresting. But I don't think anyone qualifies for a subsidy.