When a company considers offering an HRA, they want to be sure their employees will find it valuable.
In this first session in a three-part webinar series, we’ll show exactly what the HRA experience is like for an employee. We’ll walk through:
The basics of how an HRA works
How your employee can buy health insurance
What they need to do when they go to the doctor or have another expense
How they’ll submit expenses for reimbursement
How your employee will receive reimbursement
Which expenses are eligible
How an expense is approved
How the allowance works, including rollover, recommended amounts, and more
Need help understanding your health insurance options?
Don't know what to do during open enrollment?
Want to help your employees with their healthcare costs but don't know how?
We got you.
Open Enrollment 101 will teach you everything you need to know about open enrollment, how to evaluate your plan options, and how employers can help their employees out with their healthcare costs.
Join us for an inside look at the health reimbursement arrangement (HRA) and how it works.
In this webinar, we cover the basics of HRA compliance, what you need to know before offering an HRA, and how PeopleKeep's software helps along the way.
Our hosts are HRA compliance experts Nick Green and Jon Gelwix.
Open enrollment is the only time of year to get an individual policy without a qualifying life event. Our webinar makes sure you and your employees are prepared.
The ICHRA vs. the QSEHRA: Which is right for your business?PeopleKeep
The qualified small employer health reimbursement arrangement (QSEHRA) and the individual coverage health reimbursement arrangement (ICHRA) both allow companies to set allowances for their employees to use on health insurance policies and other medical expenses.
However, while they perform similar functions, they operate differently.
In these slides, we'll go over the basics of each plan, how they differ, and how to choose which one is best for your company.
Health Care Reform Strategies for Small Employers:
• Health Care Tax Credits and Penalties
• The Recently Delayed Pay or Play Mandate
• Health Insurance Exchanges
• SHOPs
• Other Cost-Savings Opportunities
• Strategic Decision Making for Large and Small Employers
• And more!
An open enrollment checklist, created by eHealthInsurance, to help employees find the best personal health insurance solution for the 2012 benefit year - via http://www.eHealthInsurance.com
Need help understanding your health insurance options?
Don't know what to do during open enrollment?
Want to help your employees with their healthcare costs but don't know how?
We got you.
Open Enrollment 101 will teach you everything you need to know about open enrollment, how to evaluate your plan options, and how employers can help their employees out with their healthcare costs.
Join us for an inside look at the health reimbursement arrangement (HRA) and how it works.
In this webinar, we cover the basics of HRA compliance, what you need to know before offering an HRA, and how PeopleKeep's software helps along the way.
Our hosts are HRA compliance experts Nick Green and Jon Gelwix.
Open enrollment is the only time of year to get an individual policy without a qualifying life event. Our webinar makes sure you and your employees are prepared.
The ICHRA vs. the QSEHRA: Which is right for your business?PeopleKeep
The qualified small employer health reimbursement arrangement (QSEHRA) and the individual coverage health reimbursement arrangement (ICHRA) both allow companies to set allowances for their employees to use on health insurance policies and other medical expenses.
However, while they perform similar functions, they operate differently.
In these slides, we'll go over the basics of each plan, how they differ, and how to choose which one is best for your company.
Health Care Reform Strategies for Small Employers:
• Health Care Tax Credits and Penalties
• The Recently Delayed Pay or Play Mandate
• Health Insurance Exchanges
• SHOPs
• Other Cost-Savings Opportunities
• Strategic Decision Making for Large and Small Employers
• And more!
An open enrollment checklist, created by eHealthInsurance, to help employees find the best personal health insurance solution for the 2012 benefit year - via http://www.eHealthInsurance.com
Health Care Reform - Small Business Health Options Program (SHOP) UpdatesCBIZ, Inc.
One of the components of the Affordable Care Act is the Small Business Health Options Program (SHOP). The SHOP is the marketplace, sometimes referred to as “exchange”, specific to small employers.
In early July, the Department of Treasury announced it is delaying a key mandate of the Affordable Care Act: what's known as the 'Pay or Play' mandate. While pushing pause on this mandate gives large employers another year to prepare, we strongly advise businesses not to wait to start making strategic decisions. For more information, contact Fraser Trebilcock Senior Health Care and Business Attorney Mike James at mjames@fraserlawfirm.com or 517.377.0823. You can also find more information at www.milhealthlaws.com.
For businesses with 50 employees or less. There is a lot of confusion and misunderstanding about what the Affordable Care Act (Obamacare) is and how it will affect your business and employees. It is important to learn how it relates to you, your employees and your business. There are many moving parts and there are changes ahead. Our blog series and webinars will describe what the Affordable Care Act is "in plain English" and keep you up to date on the latest information.
Every American is entitled and bound to avail Minimum Essential Coverage (MEC) under the Affordable Care Act (ACA) - also known as Obamacare. While some opt for individual health insurance plans offered by private institutions, more than 60% opt for Employer-Sponsored Health Insurance. Employer-Sponsored Health Insurance makes your work easy because you don't have to go through multiple insurance plans available online. Employers, on an average pay 82% of your premium for a single insurance policy. For employers also this is a win-win situation because it results in employee retention, better health of employees thus more productivity. Employers use good health benefits as a great tool to recruit sought-after talent in the industry.
The slide deck talks about Employer-Sponsored Health Insurance, its comparison to individual health insurance and the win-win situation for employee and employer.
In today's multi-generational workforce, health and wellness benefits are weighted equally with salary expectations. This is why it's important for small and large businesses alike to embrace health and wellness benefits to recruit top talent as well as retain valued employees.
While offering these benefits has been shown to improve employee engagement and productivity, it comes with some challenges. This webinar reviews common questions human resources professionals confront when offering health and welfare benefits to employees.
Facilitated by ERISA attorney Larry Grudzien, this webinar covers the following:
- Questions Surrounding Tax
- Reporting Disclosures
- ERISA, COBRA & FMLA
- Workers Compensation
- Affordable Care Act (ACA)
Benefits are a critical piece of an employee compensation package, with health care benefits reigning most important. Whether you're already offering these benefits or considering adding them to your benefits offerings, view our webinar to learn more and remain competitive in the talent marketplace.
Personal Benefits Plan- Employer PresentationMinal Jalil
This presentation explains to an employer the benefits of the AHR Personalized Benefits Plan for their business and employees. For more information, please visit us at ahr.net
Health Care Reform - Small Business Health Options Program (SHOP) UpdatesCBIZ, Inc.
One of the components of the Affordable Care Act is the Small Business Health Options Program (SHOP). The SHOP is the marketplace, sometimes referred to as “exchange”, specific to small employers.
In early July, the Department of Treasury announced it is delaying a key mandate of the Affordable Care Act: what's known as the 'Pay or Play' mandate. While pushing pause on this mandate gives large employers another year to prepare, we strongly advise businesses not to wait to start making strategic decisions. For more information, contact Fraser Trebilcock Senior Health Care and Business Attorney Mike James at mjames@fraserlawfirm.com or 517.377.0823. You can also find more information at www.milhealthlaws.com.
For businesses with 50 employees or less. There is a lot of confusion and misunderstanding about what the Affordable Care Act (Obamacare) is and how it will affect your business and employees. It is important to learn how it relates to you, your employees and your business. There are many moving parts and there are changes ahead. Our blog series and webinars will describe what the Affordable Care Act is "in plain English" and keep you up to date on the latest information.
Every American is entitled and bound to avail Minimum Essential Coverage (MEC) under the Affordable Care Act (ACA) - also known as Obamacare. While some opt for individual health insurance plans offered by private institutions, more than 60% opt for Employer-Sponsored Health Insurance. Employer-Sponsored Health Insurance makes your work easy because you don't have to go through multiple insurance plans available online. Employers, on an average pay 82% of your premium for a single insurance policy. For employers also this is a win-win situation because it results in employee retention, better health of employees thus more productivity. Employers use good health benefits as a great tool to recruit sought-after talent in the industry.
The slide deck talks about Employer-Sponsored Health Insurance, its comparison to individual health insurance and the win-win situation for employee and employer.
In today's multi-generational workforce, health and wellness benefits are weighted equally with salary expectations. This is why it's important for small and large businesses alike to embrace health and wellness benefits to recruit top talent as well as retain valued employees.
While offering these benefits has been shown to improve employee engagement and productivity, it comes with some challenges. This webinar reviews common questions human resources professionals confront when offering health and welfare benefits to employees.
Facilitated by ERISA attorney Larry Grudzien, this webinar covers the following:
- Questions Surrounding Tax
- Reporting Disclosures
- ERISA, COBRA & FMLA
- Workers Compensation
- Affordable Care Act (ACA)
Benefits are a critical piece of an employee compensation package, with health care benefits reigning most important. Whether you're already offering these benefits or considering adding them to your benefits offerings, view our webinar to learn more and remain competitive in the talent marketplace.
Personal Benefits Plan- Employer PresentationMinal Jalil
This presentation explains to an employer the benefits of the AHR Personalized Benefits Plan for their business and employees. For more information, please visit us at ahr.net
Get ready for the Affordable Care Act. The light you see is the oncoming train!
Lot's of things happening, not too many answers and it will take a few years to flesh it all out.
Accountants Guide to Workers Compensation & Health BenefitsADP, LLC
Accountants, as trusted advisors, are often called upon to help small business clients figure out their insurance needs. Few accounting firms have a licensed insurance agent available — only 8% of survey respondents were licensed or had a licensed insurance agent in the firm. Review this guide to help you understand how you can help!
A brief description of how using an HSA in conjuction with a qualifed major medical HDHP can help control premiums and put you the consumer back in control of your healthcare dollars. Currently 9 million people enrolled in an HSA qualified plan.
Should an Employer Be Self-Funded?
That is quite a question. In the past we cautioned that claims savings was not guaranteed by self-funding. And with a small difference in fixed fees vs. fully insured retention, there was not much incentive for smaller employers to take the risk, given that they were more susceptible to wide fluctuations in claims cost.
Review our research and analysis on self-funding to help determine if the program is the right fit for your business. Contact McGohan-Brabender to discuss self-funding in detail.
https://www.mcgohanbrabender.com/
HealthCompare Insurance - Understanding other types of insuranceHealth Compare
Understanding your options when it comes to Health Plans or Health Insurance can be a complicated experience, especially if you are unfamiliar with your options. HealthCompare has put together this slideshare to help you navigate and know your options. Learn more at HealthCompare.com
the topic which is disused in these slides are Employee benefit. in which i first disused retirement benefit,paid time off,vacation and leave,survivor benefit etc.
What's up in Washington: HRA regulatory updatePeopleKeep
The health care landscape in general is always changing, and health reimbursement arrangement (HRAs) are a hot topic in Washington right now. Get the slides for our latest webinar to get the details about what's new with HRAs, plus expert analysis.
We worked with over 100 nonprofit groups to assess their use of and satisfaction with the qualified small employer health reimbursement arrangement (QSEHRA).
New HRAs on the horizon: 6 small business options (5/7)PeopleKeep
Download our on-demand webinar to learn:
What HRAs are available today?
How will the Departments’ proposed regulations change options for 2020?
How to help clients evaluate their options.
New HRAs on the horizon: 6 small business options [M]PeopleKeep
Download our on-demand webinar to learn:
What HRAs are available today?
How will the Departments’ proposed regulations change options for 2020?
How to help clients evaluate their options.
Getting the most out of the QSEHRA: Findings from 2017PeopleKeep
Join content writer Caitlin Bronson and support manager Heather Warren as they review key findings from our 2018 Annual Report and describe how to apply the findings to your business.
Business Owner Eligibility Under a QSEHRAPeopleKeep
Qualified Small Employer Health Reimbursement Arrangements (QSEHRAs), sometimes called Small Business HRAs, are a popular benefit for companies looking to reimburse their employees for individual health insurance and medical expenses. A natural next question for business owners is "Can I get in on this?"
As with many IRS rules, the answer depends. In our new infographic, you can tell at a glance what kinds of business owners are or are not eligible to participate in the QSEHRA and when.
We have officially launched our new company, PeopleKeep. View this presentation for more information about PeopleKeep and what this means for you.
In this presentation, you'll learn about:
Who PeopleKeep is.
Our point of view.
What personalized benefits are.
Why small businesses choose PeopleKeep.
How PeopleKeep works.
What this means for existing ambassadors, customers, and users.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
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In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
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𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
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➢ Korean President visits Samsung Electronics R&D Center
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India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
According to TechSci Research report, “India Orthopedic Devices Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the India Orthopedic Devices Market stood at USD 1,280.54 Million in 2024 and is anticipated to grow with a CAGR of 7.84% in the forecast period, 2026-2030F. The India Orthopedic Devices Market is being driven by several factors. The most prominent ones include an increase in the elderly population, who are more prone to orthopedic conditions such as osteoporosis and arthritis. Moreover, the rise in sports injuries and road accidents are also contributing to the demand for orthopedic devices. Advances in technology and the introduction of innovative implants and prosthetics have further propelled the market growth. Additionally, government initiatives aimed at improving healthcare infrastructure and the increasing prevalence of lifestyle diseases have led to an upward trend in orthopedic surgeries, thereby fueling the market demand for these devices.
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It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
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As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
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How the hra works for employees
1. How the HRA
works for employees
Disclaimer: The presentation provided is general in nature and does not apply to any specific U.S. state except where noted. Health insurance regulations differ in each state. See a licensed agent for detailed information on your state. PeopleKeep, Inc., does not sell health insurance.
2. Our story
At PeopleKeep, we’re passionate about helping small
businesses offer competitive benefits to their
employees at a price they can afford.
Our cloud-based benefits software automates
benefits compliance and employee support—
enabling businesses to manage their benefits in just
minutes per month.
Today, 3,000+ companies across the United States
trust PeopleKeep to successfully automate their
benefits.
PeopleKeep is located in scenic Salt Lake City, Utah.
3. What
we’ll cover
What expenses are reimbursable?
How an HRA works
What is an HRA?1
2
3
4
5 What is the reimbursement process?
Shopping for health insurance
4. Katie Allred, HRA Customer Support Specialist
As a customer support specialist, Katie has helped both admins and
end-users navigate and utilize their benefits for several years. When
she's not out to see a favorite band, or checking out new live music,
you’ll probably find her at home reading a good book.
About the presenter
5. What is an HRA?
Overview
Health reimbursement arrangements (HRAs) are
employer-sponsored benefit plans. Employers set
aside a specific amount of money for employees to be
reimbursed for qualified health care expenses.
HRA reimbursements are:
● tax-deductible to the employer
● tax-free to the employee
6. How an HRA works
4 easy steps
1. Employee is offered a monthly benefit allowance from employer
Employees have flexibility to create a benefits package to meet their needs.
2. Employee incur health care costs
Employees use their monthly allowance to pay for individual health insurance or out of
pocket costs.
3. Employee requests reimbursement for eligible medical expenses
Employee submits medical expense documentation for reimbursement. [PeopleKeep]
reviews the reimbursement request and informs company and employee of expense
verification.
4. Employee receives health care reimbursement from company
The company reimburses the employee for the expense up to the allowance amount.
7. How an HRA works
Whose money is it?
Unlike other types of employer-sponsored health care benefits, the employer finances the
HRA.
is for Arrangement not Account
● An HRA is not an insurance plan
● HRAs are notional arrangements,
they don’t need to be prefunded
● Employees cannot contribute to
their employer-funded HRA
8. How an HRA works
What is an allowance?
An HRA employee allowance is the amount of tax-free money that an employer has set for
each employee.
The HRA allowance amount depends on the:
● type of HRA
● decisions made by the employer
9. How an HRA works
Does an HRA allowance roll over?
HRAs do allow some allowance rollover. Depending on which HRA plan an employer
chooses, health reimbursement arrangement balances may roll forward from month
to month or from year to year.
● Generally, a monthly rollover is automatic and annual rollover is permitted based
on the employer's decision.
10. How an HRA works
What happens with the HRA money when the employee leaves?
The unused HRA allowance money stays with the company when an employee leaves
their job, retires, or is let go.
● However, there is usually a 90-day runout period during when employees can
submit reimbursement requests for expenses incurred during employment.
11. Shopping for health insurance
Where can I shop for an insurance plan?
Open enrollment is the one time employees shop for insurance. Employees can compare
and shop for an individual private health insurance plan that meets government standards
through a federal or state exchange/marketplace or off exchange.
Shopping Options
● Federal exchange.
www.healthcare.gov
● State exchange.
Limited state availability
● Off-exchange.
Contact insurance carrier directly
Or, contact a broker for help for all types
State Exchanges
States exchanges in blue.
12. Shopping for health insurance
When can I shop for insurance?
The 2020 Open Enrollment Period began
November 1, 2019, and ends December 15, 2019,
for most states.
Some states exchanges choose to extend their
Open Enrollment 2020 period.
● For individuals who have had certain life
events, including losing health coverage,
moving, getting married, having a baby, or
adopting a child— a Special Enrollment Period
(SEP) is available.
States With an Extended 2020 Open Enrollment Period
States With an Extended 2020 Open Enrollment Period
13. There are four levels or metal tiers
for health insurance plans:
1. Platinum
2. Gold
3. Silver
4. Bronze
The tier indicates the percentage of
health care expenses the plan will
pay.
Shopping for health insurance
Health coverage basics
Metal Tiers of
Coverage
14. Shopping for health insurance
Health insurance terms to know
To select the right health insurance plan for you, it’s important to understand key
insurance terms.
● Premium. The amount you pay to the insurance company for the plan, usually
monthly.
● Deductible. The amount paid for covered care before the insurer begins to pay.
● Copayment. A flat dollar amount paid to the health care provider for a covered
service.
● Coinsurance. The percentage of allowed charges for covered services you are
required to pay.
● Out-of-pocket maximum. The maximum amount of money you will pay for
covered services during a benefit period.
15. What expenses are reimbursable
Introduction to IRS Publication 502
HRAs can only be used for eligible health
care expenses are defined in IRS
Publication 502.
● Eligible expenses must be incurred by
the employee and their family
● Expenses must take place within the
HRA plan year
16. What expenses are reimbursable
Sample types of eligible expenses
HRA-eligible expenses include items such as:
● Individual health insurance premiums
● Individual dental or vision premiums
● Amounts paid toward a policy's
deductible
● Copays
● Office visits
● Prescription drugs
● Non-prescription drugs (with a doctor's
note)
● Mileage for travel to/from eligible
health care
17. What is the reimbursement process
What are the documentation requirements?
The PeopleKeep documentation team will review reimbursement documentation to verify the
expense(s) are eligible under the IRS Publication 502 regulations.
The documentation must include:
● the service or product
● the date of the service or sale
● and the amount incurred
The employer will only be informed of the verified expense amounts. They will not be given
access to any of the health care documentation submitted, regardless of eligibility verification.
18. What is the reimbursement process
How do I submit my expenses?
The submission process is simple.
Employee submits documentation
for reimbursement via upload to
PeopleKeep employee portal
Documentation
team reviews
Documentation team verifies
expense eligibility
19. What is the reimbursement process
How will I receive my reimbursements?
Once expenses are verified, PeopleKeep notifies
the company of the reimbursement amount for
each employee.
● Most companies include reimbursements
with employee payroll
● The unused allowance will roll over
month-to-month, for most plans
HRAs save employees
and companies an
average of 35 percent in
taxes compared with
wages while giving you
full control of your
benefits.
35%
average savings
20. Health reimbursement arrangement
Key takeaways
Because an HRA can reimburse medical expenses as well as premiums, it's a very valuable
benefit for employees in many insurance situations.
7 key takeaways
1. The business is in charge of the HRA— the A is for “arrangement,” and not “account.”
2. The business determines how much is contributed to the HRA.
3. Unused HRA money stays with the company.
4. HRAs can reimburse anything in IRS Publication 502.
5. HRA money can be used to pay for family medical expenses.
6. Open enrollment is the one time employees shop for insurance, unless SEP eligible.
7. Shop for insurance plans via Federal/state exchanges, or contact an insurance agent for help.
21. Thank you for joining us today.
Our next HRA series session is December 17th.
We hope you’ll join us!