How HRAs Affect Health Insurance Premium Tax Credits for Early Retirees
May 9, 2016
Cadillac Tax Delay: Why You Should Still Act Now
May 13, 2016How HRAs Affect Health Insurance Premium Tax Credits for Early Retirees
May 9, 2016Cadillac Tax Delay: Why You Should Still Act Now
May 13, 2016
In a recent court ruling on a case involving the City of Sheboygan in Wisconsin, the judge ruled surprisingly that distributions from an HRA (Health Reimbursement Arrangement) need to be included in calculating the overtime rate of pay unless the distribution was made from an irrevocable trust.
If you currently have an HRA with National Insurance Services, you having nothing to worry about. Our HRAs have underlying irrevocable benefit trusts that provide interest earnings and hold the assets until they are needed to reimburse eligible medical expenses. If you have any questions about this ruling or HRAs, contact Ken Zastrow at 800.627.3660.
For additional information, see our legislative update.
Erin Woulfe
Erin Woulfe likes to write about things that matter. Keeping her finger on the pulse of what’s happening in the public sector world, she blogs about the latest legislative news and employee benefit trends that affect our school, city and county clients. She’s been with NIS since 2002.
“I love connecting to our clients and providing them with the tools they need in order to administrate their plan,” says Erin. “Whether that be materials to educate their employees on certain benefits, how to effectively communicate change within an organization or just providing tips and how-to’s to help them make their job easier.”
