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QSEHRA (pronounced like “Q-Sarah”) stands for Qualified Small Employer Health Reimbursement Arrangement.
QSEHRAs allow employers to reimburse their employees for health insurance premiums and medical expenses tax free. Under a QSEHRA, your employees can go and buy their own health insurance plan or stay on a spouse’s plan and then submit claims for reimbursement of health-related expenses. Any money you’ve allocated for your QSEHRA that isn’t spent to reimburse an employee for healthcare expenses stays in your pocket!
Watch the next video for a brief intro to ICHRAs, or explore the resources below for more information:
HRAs: The Alternative to Group Health Plans for Small Employers
CEDR’s Employee Health Benefits Guide
QSEHRA vs ICHRA: A Side-by-Side Comparison