Cor-Ben Consultants, A Healthcare Benefits Agency
Keeping People Happy in Healthcare
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Real Talk on Healthcare

Guess what? Now you can reimburse your employees for their individual health insurance premiums as an expense and it will not count as income!

 

Guess what?  Now you can reimburse your employees for their individual health insurance premiums as an expense and it will not count as income! 

But, (there’s always a but) there are some rules.

1. You must have less than 50 full-time equivalent employees,

2. A group health insurance policy is not in place,

3. The reimbursements are tax free to the employees so long as they have minimum essential coverage,

4. The annual amount is capped at $4,950 for individuals and $10,000 for families.

 

Disclosure requirements and additional documentation apply. 

Stay tuned for additional details.

Daniel Elbaz