Want to help your employees with their medical expenses?
Then consider establishing a qualified small-business health reimbursement account (QSEHRA). It could be great for your employees and for you.
IMPORTANT: Make sure your QSEHRA is in place on or before October 2!
There are three reasons why you should act by October 2:
Reason #1: You’ll avoid penalties
Reason #2: Your employees will have the time they need to choose appropriate health coverage
Reason #3: You’ll have your plan in place when January 1, 2019 rolls around
Want to find out how you and your employees can take advantage of a QSEHRA plan? Read my new article titled Tax Tips: Avoid Penalties—Give Notice of 2019 HRA Medical Plan on Oct. 2!
Three ways our fact-filled article can help you:
- We’ll explain important QSEHRA basics. You’ll learn which owners and employees are eligible under the QSEHRA law. Plus, we’ll provide information about dollar limits, written notice requirements, W-2 rules, and more. You’ll get all the details when you read the full article.
- We’ll show you how to avoid costly penalties. If all QSEHRA requirements aren’t met, you could face a $100-per-day penalty per employee. What you don’t want is for your QSEHRA to be reclassified as a group health plan. For safety’s sake, take a minute and read the full article.
- We’ll explain why substantiation of medical expenses is so important. If your QSEHRA mistakenly reimburses an eligible employee for an unsubstantiated medical expense, all payments to all employees become taxable. This is your basic nightmare. You’ll learn how to sleep soundly and avoid trouble when you read the full article.