Lexology March 26, 2024
Though the employer shared responsibility provisions of the Patient Protection and Affordable Care Act (PPACA) do not apply to small employers (generally, employers with fewer than 50 full-time equivalent employees), many small employers still want to provide some level of health benefits to their employees.
One option for providing health benefits outside of adopting a traditional health plan is the health reimbursement arrangement (HRA). Although health reimbursement arrangements may appear straightforward and easy to administer, employers must be aware of certain compliance requirements.
What Is an HRA?
Under an HRA, an employer makes available funds (up to a specified maximum dollar value) to reimburse employees and their dependents for certain healthcare expenses. Common medical expenses that may be reimbursed under...
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