QSEHRA Health
Employee Benefits
QSEHRA is a Qualified Small Employer Health Reimbursement Arrangement that helps you take control of your employee benefits. This is a budget friendly solution that will cover the employer mandate to offer health coverage. Great for small and medium-sized companies with under 50 employees.
A Budget Friendly
Health Benefit
QSEHRA is a group health benefit that companies can put in place for employees, tax-free, to help reimburse individual healthcare expenses. QSEHRA also keeps employers’ penalty-free from the employer mandate.
Savings
No minimum contribution limits
With a QSEHRA, there are no minimum contribution requirements you need to meet—only a maximum limit. Plus, you can offer different allowances based on family status.
Benefits
Tax-free for employers and employees
Unlike offering an employee stipend, offering a QSEHRA is completely tax-free for employers and tax-free to employees with minimum essential coverage (MEC).
Custom
HSA-compatible
Plan
If your employees already have an HSA, they can easily coordinate their health spending with their monthly QSEHRA allowance. No need to choose between the two.
John Neison
COMPANY
“Implementing a QSEHRA plan into my company has been great for my employees but also became an asset in the hiring process, a lot of new inquiries come in now because of this one benefit that I offer. I highly recommend starting up a QSEHRA plan and using BenaVest to help, they took care of the whole process.”
Struggling to offer health insurance as a small business?
If you’re a small employer with 50 or fewer employees looking to offer health benefits on a budget, the qualified small employer health reimbursement arrangement (QSEHRA) is made just for you.
A QSEHRA is a formal health benefit that allows organizations to reimburse their full-time workers, tax-free, for their medical expenses.
Struggling to offer health insurance as a small business?
If you’re a small employer with 50 or fewer employees looking to offer health benefits on a budget, the qualified small employer health reimbursement arrangement (QSEHRA) is made just for you.
A QSEHRA is a formal health benefit that allows organizations to reimburse their full-time workers, tax-free, for their medical expenses.
Frequently asked questions
Learn more about ICHRA and how it can help you.
What’s the difference between a QSEHRA and an ICHRA?
While there are numerous differences, the primary contrast between QSEHRA and ICHRA is eligibility based on company size, limitations on contributions from employers, and design flexibility. For example, a QSEHRA can only be offered by businesses with less than 50 employees, while an ICHRA is available for businesses of any size. QSEHRAs have annual contribution limits, while ICHRAs have no limits. While both ICHRA and QSEHRA need to be offered to employees on the same terms, ICHRA allows for more design flexibility with 11 customizable class distinctions compared to QSEHRAs 4 classes.
What is the difference between ICHRA and normal group health plans?
The biggest difference is ICHRA allows the employee to choose there own health plans and regular group plans do not. ICHRA makes it so all employees can get coverages they actually need.
How does ICHRA work?
An individual coverage HRA is an employer-funded HRA that reimburses employees for medical premiums and expenses. Employees pay their individual insurance premiums and/or medical expenses (depending on how the employer designs the ICHRA) and then submits receipts for reimbursement from the employer. The employer establishes the reimbursement allowances per employee.
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