Pioneers in 5 Star Service • Ronstadt Insurance • Tucson, AZ • 520-721-4848

Archive for Items Categorized 'Health Insurance'

Proposed Regulations Expanding Health Reimbursement Accounts (HRA) Released

The IRS and U.S. Departments of Treasury, Labor and HHS have proposed new regulations for Health Reimbursement Accounts (HRAs), which could expand opportunities for employees and their families to access affordable, quality healthcare.

The proposed regulation would increase the flexibility and use of HRAs by:

  • Allowing HRAs to reimburse employees for individual insurance premiums
  • Allowing employers to offer standalone HRAs of up to $1,800 if certain conditions are met.

These proposed changes would become effective January 1, 2020.

More information to come. If you have questions on how these regulations may impact your plan, give us a call at (520) 721-4848.

IRS Issues New Guidance on Qualified Small Employer HRAs

On Oct. 31, 2017, the Internal Revenue Service (IRS) issued Notice 2017-67 to provide comprehensive guidance on a variety of topics regarding qualified small employer health reimbursement arrangements (QSEHRAs). Small employers that do not maintain group health plans may establish QSEHRAs for their employees, effective for plan years beginning on or after Jan. 1, 2017. Unlike other health accounts, QSEHRAs can be used to reimburse employees for their health insurance premiums. (more…)