By Since their inception in December 2016, small companies have been utilizing Certified Small Entity Well being Reimbursement Preparations (QSEHRAs) to offer well being advantages to workers tax-free! These preparations are perfect for small companies with lower than 50 workers who want to reimburse their workers for medical insurance premiums and medical bills . With a small enterprise HRA, companies should observe annual contribution limits outlined annually by the IRS. And this coming 12 months, the restrict goes up.
2018 QSEHRA Contribution Limits
On October 19, 2017 the IRS launched the brand new contribution limits for 2018 in publication Income Process 2017-58. For tax years starting in 2018, small companies can supply QSEHRAs with the next limits.
As you possibly can see within the chart above, the 2018 QSEHRA contribution limits replicate a $100 annual improve for self-only workers and a $250 annual improve for workers with a household. That is about $8.33 extra per 30 days for self-only workers and $20.83 for workers with a household. Which means extra advantages in your workers and extra tax financial savings for you!
Organising a QSEHRA is simple with Take Command Well being!
Organising an HRA doesn’t must be tough. Step one is to search out an adviser you belief to information you thru the method. The specialists at Take Command Well being will show you how to provide you with an environment friendly HRA design that’s compliant with all the foundations. As soon as your HRA is established, our crew of specialists will assist your workers select a plan that matches their wants and deal with the onboarding course of.
Hungry for extra? Dive into our reimbursement guidelines chapter in our useful new QSEHRA Information!
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