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Let your employee benefits reflect its magnitude. Better benefits for small businesses are possible.
PeopleKeep® software is a tool that enables employers to reimburse their employees tax-free for health insurance premiums and other eligible expenses.
The PeopleKeep product is now Remodel Health’s premium product for small business owners. PeopleKeep’s Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) administration software gives small employers an affordable and flexible way to provide tax-free funds for their employees’ qualified medical expenses.
A Qualified Small Employer Health Reimbursement Arrangement, or QSEHRA, is an HRA specifically designed for small businesses that don’t offer group health insurance and have less than 50 full-time employees. QSEHRAs allow employers to reimburse employees tax-free for medical expenses, including individual health insurance premiums.
QSEHRAs are formal health benefits that allow organizations to reimburse their full-time workers tax-free for their medical expenses. Some benefits of QSEHRAs include:
Employees who already have an HSA can easily coordinate their health spending with their monthly QSEHRA allowance. There is no need to choose between the two.
Offering a QSEHRA is completely tax-free for employers and tax-free for employees with minimum essential coverage (MEC).
With QSEHRAs, there are no minimum contribution requirements you need to meet—only a maximum limit. Plus, you can offer different allowances based on family status.
QSEHRAs give employees the power to choose their own individual health insurance rather than being lumped into a one-size-fits-all group plan.