After a provision of the 21st Century Cures Act re-opens for small employers the opportunity to reimburse medical insurance premiums for employees — even premiums in the individual market — those employers are expected to take advantage of this new opportunity that will help them attract and retain talent.
The Act, created a new hybrid HRA entity called a Qualified Small Employer Health Reimbursement Arrangement, designed specifically to allow non-ALE entities to resume paying for individual health insurance premiums for their employees, according to David Smith, vice president at brokerage Ebenconcepts.
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