Search
 

21st Century Cures Act gives brokers huge edge in HR tech war

With the passage of the 21st Century Cures Act, the nations small employers have a clearly compliant way to reimburse employees who get their own individual policy tax-free.

By Alex Tolbert | Updated on January 17, 2017
Thanks to the 21st Century Cures Act, employers can reimburse employees for individual policies in a compliant way. (Photo: iStock)

The 21st Century Cures Act, signed by President Barack Obama in December 2016, puts into statutory law that employers with fewer than 50 full-time employees can reimburse workers for individual health insurance through health reimbursement arrangements, or HRAs.

Many have written that clarifying this practice as compliant by statute is a huge “win” for small employers. It also happens to be a big win for local brokers in the technology war between them and the venture-backed, small employer HR technology firms focused on cutting them out.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.