Did you know, if you employ a nanny or housekeeper, you can offer them health reimbursements on a tax-free basis? For all they do to keep your home and, let’s just say it: your life, running smoothly, it’s in everyone’s best interest to keep them happy—and healthy. Through a health reimbursement arrangement (HRA), you can make sure your household team (even if it’s just one person) is covered by reimbursing them for health insurance premiums and medical expenses.
Sound too good to be true? It isn’t! Read on to learn more about how an ICHRA or QSEHRA allows you to reimburse your household employee for healthcare.