PeopleKeep Report Finds QSEHRA Provides Non-Profit Organizations Affordable Option for Offering Health Benefits
PeopleKeep , the leader in personalized benefits for small and midsize organizations, today announced a new national report showing qualified small employer health reimbursement arrangements (QSEHRAs) provide nonprofit organizations an affordable way to offer health benefits to their employees.
- PeopleKeep , the leader in personalized benefits for small and midsize organizations, today announced a new national report showing qualified small employer health reimbursement arrangements (QSEHRAs) provide nonprofit organizations an affordable way to offer health benefits to their employees.
- According to a survey and data from nonprofit organizations that use QSEHRAs, before offering a plan, 67% of nonprofits didn’t provide any health insurance.
- A QSEHRA is a formal, IRS-approved health benefit allowing small businesses with fewer than 50 full-time equivalent employees to offer a tax-free reimbursement to employees for their health insurance premiums and other qualifying health expenses.
- Nonprofits that are new with QSEHRA benefits provide a monthly allowance of $420, whereas organizations with 3+ years of experience give almost $500 on average.