HRAs for Small Business - what small business owners need to know

HRAs (Health Reimbursement Arrangements) are a relatively new way to provide employees with health insurance and have it be a non-taxable benefit to the employee!

We recommend exploring HRAs when your business is considering health insurance options for your employees.

0:00 Introduction
0:50 HRA Basics
01:45 Important tax benefit
02:40 Employee choice
03:20 Employer can budget
03:40 How does it work?
05:30 Spending accountability
06:02 2 types of HRAs
06:08 QSEHRA
07:25 ICHRA
8:30 Great first step

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Disclaimer: This video is intended for educational purposes and
should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.

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[bishopknight]

Thank you very much for the clear and concise explanation 👍🏻

[Josy]

How about for a single member in a corporation- can the single employee who gets w-2 just quickpay themselves from company debit card and note it as “hra”?

[hollihatfield]

I do not see any link for the HRA administration as you mentioned would be available to us may you please post it?

[ShivShankar-fobg]

Can i have HRA from my small business when i have HSA from my day job?

[Eastcentralstainingco]

Can a HRA cover the employee's premium from their spouse's plan.