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POSTED BY ADMIN ON FEB 15, 2016 IN HR BENEFIT ADVISORS BLOG, HRA | COMMENTS OFFON MINIMUM VALUE: HRA CONTRIBUTIONS AND FLEX CREDITS


POSTED BY ADMIN ON MAY 11, 2016 IN ACA, HR BENEFIT ADVISORS BLOG, HRA, IRS, THE BLOG | COMMENTS OFF ON EMPLOYERS ASK: WHAT PREVENTS ME FROM REIMBURSING INDIVIDUAL HEALTH INSURANCE POLICIES?

In serving 36,000 employers and 5 million employees, our UBA Partners get this question frequently: What federal guidance prohibits employers from reimbursing individual health insurance policies? Answer: The IRS has issued extensive guidance prohibiting employers from reimbursing health insurance policies on an individual basis. It issued two notices in 2015 that addressed this issue. In February 2015, the IRS provided greater detail on the issue when it issued Notice 2015-17, which addresses employer payment or reimbursement of individual...


Employers Ask: What Prevents Me from Reimbursing Individual Health Insurance Policies?



POSTED BY ADMIN ON FEB 25, 2016 IN HR BENEFIT ADVISORS BLOG, HRA, THE BLOG |COMMENTS OFF ON HRAS, HSAS, AND HEALTH FSAS – WHAT’S THE DIFFERENCE?


HRAs, HSAs, and Health FSAs – What’s the Difference?

HRA

Minimum Value: HRA Contributions and Flex Credits


Health reimbursement arrangements (HRAs), health savings accounts (HSAs) and health care flexible spending accounts (HFSAs) are generally referred to as account-based plans. That is because each participant has their own account, at least for bookkeeping purposes. Under the tax rules, amounts may be contributed to these accounts (with certain restrictions) and used for health care on a tax-favored basis. The Patient Protection and Affordable Care Act (PPACA) has added new requirements that affect HRAs and HFSAs. Most HFSAs and HRAs will need...


The Internal Revenue Service (IRS) recently issued a final rule that clarifies various topics relating to the Patient Protection and Affordable Care Act (ACA) and premium tax credit eligibility provisions. Mirroring guidance from IRS Notice 2015-87, the final rule clarifies that health reimbursement arrangement (HRA) contributions by an employer that may be used to pay premiums for an eligible employer sponsored plan are counted toward the employee’s required contribution, subsequently reducing the amount required for their...