21st Century Cures Act (H.R. 34) passed by Congress on 12/7/16 reinstates small employer HRAs effective 1/1/2016!
(Eliminates $100/day per employee penalty assessable under previous IRS Notice.)
Reimbursements are limited to $4,950 per year for individuals, $10,000 for employee & family coverage. (Amounts to be inflation-adjusted in future years.)
See the article in Journal of Accountancy for details, and "stay tuned to this channel" for updates.
As always, give me a call before acting on this or any other information on this site.
Happy New Year!