HRAs and the Affordable Care Act

By | June 13th, 2014|Categories: Small Businesses Taxes|Tags: , , |

An insurance agent recently asked me the following question: can a small business that currently offers insurance to its employees drop the insurance and instead form a Health Reimbursement Arrangement (HRA, sometimes called a "Section 105 plan") to reimburse employees for medical expenses? The short answer to the question is: NO. Background HRAs have existed since [...]