Colorado General Assembly Passes SB 11-019 Exempting HRAs from Small Group Law
Note: None of this should be taken as legal or tax advice.
The Colorado General Assembly has passed Senate Bill (SB) 11-019. The Governor is expected to sign the bill into law in the next few days. This Bill further encourages small employers to use Health Reimbursement Arrangements (HRAs) to fund tax-free employee health benefits, and specifically creates a safe harbor for employers that have not had group health insurance coverage in the last 12 months to offer individual health insurance policies through brokers at their workplace.
The passage of SB 11-019 further highlights the State of Colorado's support of Health Reimbursement Arrangements and individual policy premium reimbursement.
To learn more about what is going on in Colorado - click here.
To learn more about what is going on in North Carolina - click here.
No comments:
Post a Comment