Great news! Your employer is offering you a health benefit called a QSEHRA, which stands for Qualified Small Employer Health Reimbursement Arrangement. It is a special HRA designed specifically for small employers like yours. It is completely funded by your employer (you do not need to add money to your account), and it is designed to reimburse employees for eligible health insurance premiums and medical expenses (plan depending) TAX FREE!
The way it works is you purchase an individual health insurance plan that best fits your health needs, you pay for your healthcare costs out-of-pocket, and your employer will reimburse you!
To receive reimbursements through the QSEHRA, you must have health insurance that qualifies as Minimum Essential Coverage (MEC). Most plans today meet MEC requirements, such as plans purchased from Healthcare.gov, employer group plans, COBRA, TRICARE, Medicare (A or C), Medicaid, and more.
Plans that do not qualify as MEC include: critical illness, indemnity, short-term plans, vision or dental only, and plans that only offer discounts on medical services.
If you need to shop for a new insurance plan, Take Command Health can help! Reach out to our support team for guidance on next steps.
Each month Take Command Health will send your employer a report telling them how much you claimed for reimbursement. After your employer has reviewed the report they will reimburse you directly. Please note: Reimbursements do not come from Take Command Health.