In an article published in Law360, Spencer Fane Partner Ken Mason brings readers up-to-date on the 21st Century Cures Act and its relevance to small employers. As Ken mentions in the article, the Cures Act, recently passed by the U. S. Congress, “creates a new type of health plan – called a ‘Qualified Small Employer Health Reimbursement Arrangement’ (or QSEHRA).” He goes on to explain that “Qualifying employers may establish a QSHERA, fund it within certain limits and still avoid the ACA excise taxes.”
In the article, Ken mentions that “this new vehicles comes with a raft of restrictions,” and outlines those for readers. You can read the full Law360 article here. If you’re not a subscriber to Law360, you can read Ken’s blog post on the same topic here.
Ken Mason, a partner in the Spencer Fane Employee Benefits Group, dedicates his practice to helping employers and other benefit plan sponsors comply with a broad range of legal requirements. By focusing on the areas of employer retirement plans, health care reform and executive compensation, Ken advises clients on how to offer tax-favored benefits to employees while shielding directors and officers from personal liability under ERISA.