What is QSEHRA? A QSEHRA, Qualified Small Employer Health Reimbursement Plan, is an HRA plan that can be offered by small employers of 50 or fewer employees. These plans allow employees to receive some health savings from their employer to a certain amount as long as...
What Are The ICHRA Pros And Cons? ICHRA plans allow businesses of any size to reimburse employees tax-free for medical care. ICHRA plans allow for employers to modify eligibility and allowance amounts. There are several employee classes that businesses can structure...
QSEHRA plans are limited in the amount of tax-free money they can reimburse to their employees. Every year there is a new limit that is decided by the IRS and for the year 2022, it is $5, 450 for individual plan employees and $11, 050 per employee with a family....
What is ICHRA? Let’s first cover what an HRA is. HRA is a health reimbursement arrangement, which means employees are reimbursed by the employer for a certain amount of money each month to help pay for health and medical expenses (insurance premiums, deductibles,...
ICHRA has three main components of rules and regulations that will be discussed within this article: the ICHRA plan document, the ICHRA notice requirement, and 3 employer/employee rules of ICHRA. The ICHRA Plan Document The ICHRA plan document is one of the...
Agents and brokers who are certified through CMS's training process in order to assist people in enrolling in health insurance through the Marketplace receive recognition when they exceed 100 consumers making plan selections on The Marketplace. ACA Obamacare...
If you are enrolled in an Obamacare plan and have made a big change in your life recently, then you must report this change to your marketplace. Big life changes can affect your Marketplace coverage. These changes can be easily reported with HealthSherpa.com....
It is important to protect yourself from unexpected medical expenses after graduation. There are health insurance plans that can help you do this after graduation. Why you should get health insurance After investing all of your time and money into school, it is...
Every year Americans are diagnosed with Alzheimer’s disease. Alzheimer’s disease is an irreversible brain disorder that slowly destroys memory and thinking skills. Help fight Alzheimer’s disease by visiting your doctor each year to catch symptoms early on. ...
It is important to know what services and health care providers your health insurance covers. So, next time you visit your doctor it is important to ask them these questions. Does my health plan cover my current doctor? You can call your doctor’s office and ask...
Are you enrolled in Medicaid or the Children’s Health Insurance Program? Depending on your household size and amount of income you make, your financial obligation for your Medicaid plan could change too. To report these kinds of changes, you will need to...
There are many different financial stresses in life and your health should not be one of them. Here are a few ways you can save money on Medicare. Medicaid One way to save money on Medicare is with medicaid. You may qualify for Medicaid if you have limited...