There will be some serious rules changes Jan. 1st, 2014
for businesses providing Health Reimbursement accounts and premium only plans.
I am not going to go into great detail here and suggest you contact your
accountant but if you have a standalone HRA you need to amend your plan.
This means if you are not providing a group policy that meets the ACA
requirements you could be jeopardizing your employees ability to get subsidized
medical coverage under the Affordable Care Act.
Also if you have a premium only plan your employees will not be able to put money into the plan for purchase of health insurance on a pretax basis. These are major changes prior to ACA implementation.
Do you have an HRA plan where you are not providing health insurance for your employees or a premium only plan where your employees are buying individual insurance?
Also if you have a premium only plan your employees will not be able to put money into the plan for purchase of health insurance on a pretax basis. These are major changes prior to ACA implementation.
Do you have an HRA plan where you are not providing health insurance for your employees or a premium only plan where your employees are buying individual insurance?
Scott Hauge
President
Small Business California
2311 Taraval Street
San Francisco, CA 94116
shauge@cal-insure.com
415-680-2188
President
Small Business California
2311 Taraval Street
San Francisco, CA 94116
shauge@cal-insure.com
415-680-2188
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