21st Century Cures Act Lets Small Employers, including Nonprofit Employers, Reimburse Premiums

Posted by Christina Bell, CPA

21st Century Act - Nonprofit CPA Firm The 21st Century Cures Act, signed into law on December 13, 2016, allows qualifying small employers, including qualifying nonprofit employers, to maintain health reimbursement arrangements (HRAs) for the purpose of reimbursing employees the cost of insurance premiums purchased on their own. This practice was previously unallowed under the Affordable Care Act. Learn more by reading Medical Reimbursements Now Permitted! in our A Matter of Tax Blog.

If your nonprofit organization is in need of guidance in determine its eligibility or gaining a further understanding of the Act please contact one of our tax or nonprofit professionals.

 

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