New Small Employer Health Reimbursement Arrangements (HRAs) Now Available to Small Businesses
On December 13, 2016, the 21st Century Cures Act was signed into law by President Obama. In addition to accelerating cutting-edge treatments for rare diseases and adding significant reforms to the mental health system, this Act will allow small employers to provide standalone Health Reimbursement Arrangements (HRAs) to their employees with no penalties, effective December 31, 2016. A standalone HRA is one that isn’t paired with a health insurance plan. So, under the Cures Ac