Services
Qualified Small Employer Health Reimbursement Arrangement (QSEHRA)
Small employers can reimburse their employees for health insurance premiums and medical expenses, tax-free!
QSEHRA allows small employers (fewer than 50 full-time-equivalent [FTE] employees) to set aside a fixed amount of money each month that employees can use to purchase individual health insurance or use on medical expenses, tax-free. This means employers get to offer benefits in a tax-efficient manner without the hassle or headache of administering a traditional group plan and employees can choose the plan they want.
How it works
The mechanics of a QSEHRA are surprisingly simple. At a high-level, employees pay for their own health expenses and you reimburse them. Here’s how it works:
- Employers design their plan and set reimbursement allowances
- Employees pay for their own health insurance and medical bills
- Employees provide proof of their expenses
- Employers reimburse the employee up to the set limit
The key to note is payments are reimbursements. Employees will pay the insurance company or doctor’s office directly and then submit a claim to get reimbursed for their expenses tax-free.
Tri-Star Service Highlights:
- For businesses not offering group coverage with fewer than 50 FTE employees
- Automated QSEHRA benefit compliance
- Reimburse health insurance premiums as well as out-of-pocket medical expenses
- Vary allowances by family status
- No minimum employer contribution requirements
- Automated QSEHRA employee reimbursement limit management
QSEHRA Features:
- Online benefits portal for administrators and employees
- Automated benefit compliance documents
- Dedicated customer success manager for administrators
- Employee onboarding and education
- Employee access to team of personalized health benefits experts
- Expense review and verification
- HIPAA medical privacy law compliance
- Premium and expense verification within 2 business days
- Mobile access for user-friendly expense documentation upload