In today’s evolving healthcare landscape, small businesses need flexible and cost-effective solutions to provide their employees with quality health coverage. Qualified Small Employer Health Reimbursement Arrangements (QSEHRA) and Individual Coverage Health Reimbursement Arrangements (ICHRA) are two innovative options that allow employers to offer personalized health benefits while controlling costs.
At Riddle Insurance Solutions in Plant City, FL, we specialize in helping small businesses, non-profits, schools, and churches navigate these unique health reimbursement arrangements (HRAs) to create a benefits package that meets both employer and employee needs. Get more information now.
QSEHRA is designed for small businesses with fewer than 50 full-time employees. It allows employers to reimburse employees, tax-free, for medical expenses, including premiums for individual health insurance plans.
ICHRA provides even more flexibility, allowing businesses of any size to offer employees a health reimbursement arrangement. With ICHRA, employers can design a benefits package that fits their specific needs while giving employees the freedom to choose the health coverage that works best for them.
In a competitive job market, offering health benefits can be a key factor in attracting and retaining top talent. QSEHRA and ICHRA provide a flexible and affordable way to offer health coverage that meets the diverse needs of your employees while keeping costs under control.
Whether you’re a small business looking to provide basic health benefits or a larger organization needing more tailored solutions, these HRAs offer a modern approach to employee health coverage that aligns with today’s workforce expectations.
If you’re interested in exploring how QSEHRA or ICHRA can work for your small business, non-profit, school, or church, contact Riddle Insurance Solutions today. Let us help you create a flexible, cost-effective benefits package that meets the needs of your employees and your bottom line. Give us a call now.