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Please note that our offices will be closed on Thursday and Friday, November 22nd and 23rd. All eligible claims received by noon on Monday, November 19th will be processed on Wednesday, November 21st. Have a wonderful holiday!
Premium Reimbursement HRA
Employers of any size may establish an HRA that reimburses an employee’s premium for major medical insurance purchased in the individual market (including the Exchange) provided that certain requirements are met. Participants will be permitted to pay the premium difference with pre-tax salary reductions via a Section 125 plan.
“Stand Alone” HRA
Employers who offer group health insurance will be permitted to offer an HRA to reimburse certain excepted benefits (e.g., dental insurance premiums and premiums for short-term health plans) up to an annual maximum benefit of $1,800. As with all HRAs, a limited or unlimited carryover provision may be included. The new rule dovetails perfectly with GDI’s existing HRA services. We are excited to enter this next phase of consumer-directed health care with our clients and broker partners. Updates will be announced as they occur.