October 8, 2019

Open Enrollment for HRAs is Coming: Huge News on the Employer Health Insurance Front!

This new legislation is changing the way that employers provide health benefits to their employees, tax-free!

Watch the video to see Jack explain how it all works.

We couldn’t be more excited for you! 

Debuting in January 2020, TCH’s new HRA technology platform is the first of its kind. It takes the hassle of providing benefits and healthcare reimbursement out of your hands and makes the healthcare process a simple exchange between TCH and your employees. All you have to do is tell them your business’ healthcare budget and they handle the rest!

As HR professionals, we’re excited because ICHRA represents a totally new, more efficient way for employers to provide health insurance benefits by simply reimbursing for individual claims rather than dealing with the stress of finding and implementing a traditional group plan. The TCH platform makes it easy to setup and administer your ICHRA plan passively. We at CEDR plan to integrate this platform into our own software early next year!

Here are a few highlights:

  • LEGALLY Reimburse employees tax-free for insurance (that’s tax-free for you and your employees!)
  • Customize reimbursements by employee class
  • Get set up and live in a matter of minutes
  • Seamless receipt tracking and reporting via mobile device
  • No setup fees
  • No long-term contracts
  • If you are growing towards or have 50 or more employees, this technology can work for your team, too!

There’s a lot more to cover about this exciting new healthcare option for employers. Watch the video above or read this blog on what HRA’s are and how they work for more details!

To learn more about how TCH can help you set up an HRA that works for your office on a budget you can afford, or to jump to the signup process, visit https://www.takecommandhealth.com/cedr-reimbursement.

 

Friendly Disclaimer: This information is general in nature and is not intended to provide legal advice or replace individual guidance about a specific issue with an attorney or HR expert. The information on this page is general human resources guidance that is believed to be current as of the date of publication. Note that CEDR is not a law firm, and as the law is always changing, you should consult with a qualified attorney or HR expert who is familiar with all of the facts of your situation before making a decision about any human resources or employment law matter.

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Please note: CEDR Solutions specializes in providing expert HR support to owners and operators of independently owned medical and dental practices.