CASH TO BUY INDIVIDUAL HEALTH INSURANCE
7 years ago
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The 21st Century Cures Act (called a medical innovation bill) has an interesting insurance provision. It includes an opportunity for small employers that want to give employees cash to buy their own health insurance. The provision applies to plan years beginning Jan. 1 and would allow small businesses, through the use of a Qualified Small Employer Health Reimbursement Arrangement, to reimburse employees up to $4,950 per year for employee-only coverage and up to $10,000 for family coverage.