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Take Advantage Of The New Small Business HRAs

Under Obamacare, practices with fewer than 50 full-time employees are not required to provide staff health insurance coverage. However, many practices that don’t offer health insurance coverage want to reimburse staff members for part or all of their premium costs for coverage obtained elsewhere through a medical expense reimbursement plan (MERP). Unfortunately, in 2013 the IRS ruled that stand-alone MERPs were considered as group health plans and thus subject to the Obamacare provisions. The IRS further ruled that doctors offering only a stand-alone MERP, without providing staff health insurance coverage, were subject to…

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