QUALIFIED SMALL EMPLOYER HRA (QSEHRA) reporting deadline July 31st

Effective for plan years beginning on or after Jan. 1, 2017, small employers that do not maintain group health plans may establish stand-alone health reimbursement arrangements (HRAs). This type of HRA is called a “qualified small employer HRA” (QSEHRA). Plan sponsors of applicable self-insured health plans must file Form 720 annually to report and pay the PCORI fee; a QSEHRA is an applicable self-insured health plan for this purpose.  The Form 720 deadline is July 31, 2018 for payment of the PCORI fee.  See guidance on the IRS website at https://www.irs.gov/newsroom/patient-centered-outcomes-research-institute-fee. 

 Additionally, please see the guidance from Clarke & Company Benefits, LLC here in this Downloadable PDF on Special Rules for HRAs (DOWNLOAD HERE).  If you have questions or would like our assistance in filing Form 720, please contact us.