September 28, 2018

Qualified Small Employer Health Reimbursement Arrangement

2.8%. That was Colorado’s unemployment rate in July 2018, according to the US Bureau of Labor Statistics. With such a low unemployment rate, employers must offer competitive benefits to attract and retain qualified employees. But with large and small employers competing for the same talent pool, how do you, the small business owner, compete? One way is to offer a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA), or Small Business HRA. Small employers with fewer than 50 full-time equivalent (FTE) employees that do not offer group health insurance to their employees are eligible to offer these health reimbursement arrangements…

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