Question
Hi! We currently only only have owners on payroll and do not qualify for small business group healthcare plans. It seems that the QSEHRA is our best option right now. I was wondering if anyone has experience implementing and managing a QSEHRA? Trying to determine if it is something I can handle between Quickbooks and my payroll vendor or is it worth purchasing specialized software like:
http://www.cobrasolutions.com/QSEHRALandingPage.asp
or
https://www.takecommandhealth.com/blog/qsehra-and-payroll
Cheers!
Answer
Avoid managing QSEHRA manually unless you’re highly confident in compliance. Even minor HIPAA or tax mistakes can lead to penalties.
