Patricia Hannon

LICENSED BROKER

Small Business HRA

360.433-0746 (NO texts)

​​Small Employers may not be aware that an Employer-sponsored health plan may prevent employees from obtaining the Premium Tax Credit through the Exchange.  With the passing of the Affordable Care Act (ACA) applicants can no longer be denied in the Individual/Family Health Insurance Market. 

With a Health Reimbursement Arrangement (HRA) Employers can overcome hurdles like minimum contribution & participation requirements and instead offer employees a formal benefit by reimbursing their Individual/Family Medical, Dental or Vision insurance premiums and out of pocket qualified expenses tax-free.  

Employers set a monthly allowance (a tax-deductible expense) and the amount of employee premiums (health, dental, vision) AND eligible medical expenses (defined in IRS Publication 502) are reimbursed to them tax-free (up to the limit the Employer sets).