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Compliance Alert | New Law Allows Stand-alone HRAs for Small Employers

HG219 (1)

On Dec. 13, 2016, the 21st Century Cures Act (Act) was signed into law. The Act allows small employers that do not maintain group health plans to establish stand-alone health reimbursement arrangements (HRAs), effective for plan years beginning on or after Jan. 1, 2017. This new type of HRA is called a “qualified small employer HRA.”

Specific requirements apply, including a maximum benefit limit and notice requirement.

For more details, review Hartman’s compliance alert (below) as well as original text (hyperlink included below).

Compliance Alert – Small Employer HRAs

Original text for law found here:  https://www.congress.gov/bill/114th-congress/house-bill/34/text