November - 2017

New Guidance for the QSEHRA Written Notice Requirement

Recently released IRS Notice 2017-67 clarifies the requirement that eligible employers who provide a QSEHRA to its eligible employees furnish a written notice to each eligible employee at least 90 days before the beginning of each plan year. The new guidance is that an eligible employer that provides a QSEHRA during 2017 or 2018 must furnish the initial written notice to its eligible employees by the later of (a) February 19, 2018, or (b) 90 days before the first day of the p

Employee Benefits Are Wages Too

A recurring theme heard frequently these days is that employee wage growth is stagnant. By some measures employee wages are up only 9% since 1973. However, if you look at employee compensation through a wider lens, and factor in the cost of employee benefits, the total cost of hiring an employee has grown much faster. For example, just the annual cost of insuring a single employee through an employer health group policy has risen almost 200% since 1999 (from $2,196 per employ

How The QSEHRA Works With Premium Tax Credits

Small business employees with access to an employer-sponsored QSEHRA and who shop for individual insurance policies on the state or federal exchange can still qualify for government aid. The available aid, otherwise known as premium tax credits, are based on income and insurance affordability. The employee needs to take two steps to determine both their eligibility for the premium tax credit and the credit's size: 1. The employee must determine whether their QSEHRA monthly a

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