How to Evaluate the QSEHRA for Your Business

How to Evaluate the QSEHRA for Your Business

0 1 / 1 3

Evaluating the QSEHRA webinar 20170118 V0.R1

Amanda Giacobassi, PeopleKeep

Amanda Giacobassi is the Inbound Marketing Manager for PeopleKeep, the leader in personalized health benefits automation software.

Amanda has a passion for small business education and helping companies hire and keep great people.

You can find her team’s weekly contributions at www.zanebenefits.com/resources.

About the presenter

@amanda_giacobas

0 2 / 1 3


http://www.zanebenefits.com/resources

Our story

Offering traditional group benefits sucks. Why? They’re too expensive, too complex, and too one-size-fits-all. PeopleKeep is a new way to offer benefits called personalized benefits. Most people believe benefits are the services a company offers, such as a health insurance plan or 401k. With personalized benefits, it’s the opposite. Companies give people tax-free money to spend on the consumer services they find most valuable. It’s as simple as wages. For small businesses that think offering traditional group benefits sucks, PeopleKeep is personalized benefits automation software that makes offering benefits simple, painless, and personal for everyone.

Today more than 3,000 companies use PeopleKeep to hire and keep their people across the United States. PeopleKeep is based in Salt Lake City, Utah. To learn more about PeopleKeep, visit www.peoplekeep.com.

0 3 / 1 3


http://www.peoplekeep.com

Agenda

How the QSEHRA is structured2

Which companies and employees are eligible to participate in the QSEHRA?3

Why the QSEHRA benefits some companies more than others4

5

Why the QSEHRA1

Q&A

0 4 / 1 3


Why the QSEHRA?

They’re too expensive. They’re too complex. They’re too one-size-fits-all.

Offering traditional group benefits sucks.

0 5 / 1 3


Over the last 15 years, group health insurance costs have tripled.Today, less than 50 percent of small businesses offer group health insurance, and less than 15 percent offer a 401(k).

0 6 / 1 3


It’s time for a big change.

Traditional group benefits created.

401(k)s replace pension plans.

HSAs replace low-deductible plans.

Companies cancelinggroup benefits.

0 7 / 1 3


How the QSEHRA is structured

Step 1: Company establishes a formal plan, setting eligibility and monthly healthcare allowances.

Step 2: Employees purchase their own health plan, with their own money, or stay on the group health insurance they currently have through a spouse or parent.

Step 3: Employees submit receipts for medical expenses they and their dependents incur.

Step 4: Third party (ex: PeopleKeep) verifies the expense and notifies the company of the amount to reimburse employees.

Step 5: The company reimburses employees for the approved expense via payroll, check, or direct deposit.

0 8 / 1 3


How the QSEHRA is structured

2. Rollover is allowed.

1. No prefunding

from the company is required.

3. Allowance amounts

can vary by family status.

0 9 / 1 3


✔ Not offering a group health plan

✔ Fewer than 50 FTEs

Which companies are eligible to participate in the QSEHRA?

1 0 / 1 3


✔ Participants must be W-2 employees.

✔ Full-time employees are automatically eligible, part-time employees may be eligible at the company's discretion.

✔ C corporations are the only business entity where owners can participate.

Which employees are eligible to participate in the QSEHRA?

1 1 / 1 3


Why the QSEHRA benefits some

companies more than others

Maximize employees’ tax-free compensation.

Formalize and automate a personalized benefits program.

Offer benefits for the first time.

Offer benefits to employees in multiple states.

Offer benefits to employees on spouse, parent, and individual plans.

Replace traditional group benefits.

Switch from a third-party administrator.

1 2 / 1 3


Thank you for attending today’s webinar!

1 3 / 1 3


Date post:	21-Jan-2018
Category:	Business
Upload:	peoplekeep
View:	74 times
Download:	5 times