The HRA Family: ICHRA vs QSEHRA

By Clove | Updated: Sept. 14, 2020, 2:03 a.m.

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An HRA is a way small businesses can provide affordable coverage for their employees. There are two different types of HRAs to consider: ICHRA and QSEHRA. Read more about the two types and how EZ.Insure can help you choose the best fit for your business's needs: https://www.ez.insure/landing/2020/04/hras-ichra-vs-qsehra/

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When you are a small business owner, there are some decisions that are easy.
Like offering your hardworking employees healthcare! 
But, some decisions are harder... like what kind of plans to offer.
There are high deductible + low premium plans, low deductible + high premium plans...
It's enough to make your head spin! 
Let us introduce you to an option that might be the solution to your problem. 
H R A
Presents:
Healthcare Reimbursement Arrangements
HRAs are an IRS-approved way for you to reimburse your employees for their healthcare costs
You hold onto your money until an employee submits a claim for reimbursement. You choose whether to reimburse for premiums, healthcare costs, or both
No claims?

You keep the money!
Plus, the reimbursements are tax-free!
There are 2 types of HRA: QSEHRAs and ICHRAs.
Let's compare.
To offer a QSEHRA your business must: 
• Have fewer than 50 employees
• Not have a group health plan
And your employees must:
• Have an individual health plan
You choose the monthly reimbursement amount your employees are allowed,
up to $437.50 for individuals, $888.33 for families
ICHRAs are the newer, supercharged version of the QSEHRA
• There are no limits on business size, and no limits on reimbursement
• And you can also have a group health plan
Plus you can separate your employees into “classes” and choose how much to reimburse each
Part-Time
Full -Time
Salary
Hourly
So, there you have it!
An affordable healthcare option for your small business!
Whatever option you choose, you can feel good about your choice to offer your employees healthcare.
And if you need help along the way, Ez.Insure is here! 
We'll help you find a solution - for free.
Get A Quote Today!

The HRA Family: ICHRA vs QSEHRA

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