If you\u2019ve been thinking about offering health insurance to your nanny, there are a couple of great options you can explore. You have two choices: the Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) and the Individual Coverage Health Reimbursement Arrangement (ICHRA). <\/p>\n\n\n\n
Including health insurance as a perk doesn\u2019t just benefit your nanny: it helps you out, too. Many nannies look for health insurance as part of compensation, making you an attractive employer to potential nannies. You also want your nanny to stay healthy and happy so they can perform their job well. Health insurance can help when they need it, plus give them peace of mind.<\/p>\n\n\n\n
Let\u2019s discuss your health insurance options and other details you need to know.<\/p>\n\n\n\n
QSEHRA is targeted towards small employers like you who want to offer health insurance to their nannies without the headache of providing a traditional group plan. How does it work? In a nutshell, your nanny pays for their own health expenses and you reimburse them.<\/p>\n\n\n\n
When you choose a QSEHRA, you design your own plan and set reimbursement allowances. Your nanny pays for their own medical bills \u2014 co-pays, prescriptions, premiums, etc. \u2014 and submits receipts to you. You\u2019ll then reimburse your nanny up to the limit you initially set.<\/p>\n\n\n\n
You have to decide how much you\u2019d like to contribute before the calendar year begins, so now is a good time to start thinking about a QSEHRA as an option. You can contribute up to $5,250 annually per employee<\/em>, so if you have multiple nannies, that\u2019s your maximum for each nanny.<\/p>\n\n\n\n Like a QSEHRA, an ICHRA allows you to reimburse your nanny for their expenses instead of buying their insurance outright. You\u2019ll also design your own health insurance plan, but you can offer a variety of reimbursement amounts to your nanny. They\u2019ll choose which one they want.<\/p>\n\n\n\n Compared to a QSEHRA, an ICHRA offers more flexibility and higher limits to employees. There\u2019s no limit to how much you can contribute as an employer, so if your nanny has high insurance premiums or expenses, an ICHRA may be a better option for them.<\/p>\n\n\n\n It\u2019s important to note that under an ICHRA, your nanny can\u2019t also be covered under their spouse\u2019s health insurance plan. Your nanny also can\u2019t get a health insurance policy from the government with an ICHRA. If one or both situations apply to your nanny, they might like to consider a QSEHRA instead.<\/p>\n\n\n\n Take Command Health has great comprehensive resources on setting up a QSEHRA<\/a> and setting up an ICHRA<\/a>. We also have a partner at Homework Solutions who offers our families assistance with nanny healthcare plans.\u00a0<\/p>\n\n\n\n And if you have more questions, A Perfect Fit can help! We\u2019re not licensed tax pros, but we can still help you decide between a QSEHRA and an ICHRA and talk to you about the benefits of offering your nanny health insurance.\u00a0 If you\u2019ve been thinking about offering health insurance to your nanny, there are a couple of great options you can explore. You have two choices: the Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) and the Individual Coverage Health Reimbursement Arrangement (ICHRA). Including health insurance as a perk doesn\u2019t just benefit […]<\/p>\n","protected":false},"author":1,"featured_media":433,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[31],"tags":[56,49,36,48,50],"_links":{"self":[{"href":"https:\/\/perfectfitnanny.com\/blog\/wp-json\/wp\/v2\/posts\/432"}],"collection":[{"href":"https:\/\/perfectfitnanny.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/perfectfitnanny.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/perfectfitnanny.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/perfectfitnanny.com\/blog\/wp-json\/wp\/v2\/comments?post=432"}],"version-history":[{"count":1,"href":"https:\/\/perfectfitnanny.com\/blog\/wp-json\/wp\/v2\/posts\/432\/revisions"}],"predecessor-version":[{"id":434,"href":"https:\/\/perfectfitnanny.com\/blog\/wp-json\/wp\/v2\/posts\/432\/revisions\/434"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/perfectfitnanny.com\/blog\/wp-json\/wp\/v2\/media\/433"}],"wp:attachment":[{"href":"https:\/\/perfectfitnanny.com\/blog\/wp-json\/wp\/v2\/media?parent=432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/perfectfitnanny.com\/blog\/wp-json\/wp\/v2\/categories?post=432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/perfectfitnanny.com\/blog\/wp-json\/wp\/v2\/tags?post=432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}All about ICHRA<\/h2>\n\n\n\n
Other details you need to know<\/h2>\n\n\n\n
<\/li>
<\/li>Have more questions on health insurance for your nanny?<\/h2>\n\n\n\n
Send us an email<\/a> or give us a call at one of our locations \u2014 including our NEW Miami location<\/a>! \u2014 and we\u2019d be happy to help you out and get you started with the nanny employment (and coverage!) process.<\/p>\n","protected":false},"excerpt":{"rendered":"