Our multi-talented, fancy President, Ms. Casey Armstrong, was featured in yet another publication recently discussing the recent rules creating two new Health Reimbursement Arrangement (aka HRA) options starting January 2020.

The whole article with all the nitty gritty details are attached to this blog, but for the TLDR version, keep reading!

As of 1/1/20, employers are permitted to offer an individual coverage HRA.  What's this mean?  Employers can reimburse their employees for their costs for an individual plan when traditional group plans are not offered with the company.

Old rules barred employers reimbursing for individual policies.  This new rule creates a mechanism for them to do just that!

There are 6 conditions that must be met in order for an employer to qualify for this arrangement with their employee.  There's also lots for you to know about COBRA, Medicare, ERISA, and ACA compliance, so we definitely recommend giving us a ring to go over your options if you're considering a Reimbursement Arrangement or flipping over to a group insurance plan.  Call us at 760-245-2561 for more details!

Here at Armstrong Fairway Insurance, we're inspired by Insuring Your Dreams.  That includes attracting and keeping good employees or knowing your rights as an employee.

Final Rule HSA - Blog by Casey.PDF

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