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Small Business HRAs help offset rising healthcare costs.

IRS Notice 2013-54 issued in September 2013 limited the ability of small business owners to utilize stand-alone HRAs. As a result of this guidance, a company with more than one eligible employee could no longer receive a tax advantage through an HRA unless it sponsored Group insurance or offered a Limited Purpose HRA.

In December 2016, The Cures Act and H.R. 34 overturned guidance issued in IRS Notice 2013-54. A Small Business HRA (also known as a QSEHRA) enables qualified small employers with more than one but fewer than 50 employees to once again reimburse individual insurance premiums and out-of-pocket medical expenses. Group insurance is not required. (Integrated and One Employee HRA Plans were already compliant with federal law.)

Small Business HRAs provide a tremendous opportunity to those small employers who do not offer Group health but want to assist their employees with ever-rising healthcare costs.

Contact Us: TASC Microbusiness Sales, 2302 International Lane, Madison, WI 53704 | 888-595-2261 Ext. 17732 | microbusiness@tasconline.com
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