Did you Know That Small Employers Can Use “Stand-Alone” HRAs Again?

The 21st Century Cures Act, that was signed late last year and took effect on January 1st, 2017, has a provision included that reinstates using “stand-alone” Health Reimbursement Arrangements (HRAs), allowing small employers to fund employees individual purchased health coverage. “Stand-alone” HRAs are HRAs created that are not part of or attached to any employer sponsored health insurance offering. This …