Qualified Small Employer Health Reimbursement Arrangements
Fund non-medical insurance premiums and services for employees.
What is a Qualified Small Employer Health Reimbursement Arrangement?
A Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) allows employers with less than 50 employees to reimburse certain health care expenses tax-free. Expenses may include health insurance premiums and coinsurance.
Employees must have a plan that maintains Minimum Essential Coverage (MEC). MEC plans include Marketplace, Medicare, Medicaid, and Children's Health Insurance Plan (CHIP).
Employers: Why Offer a QSEHRA?
Tax Savings & Cost Certainty
Compliance Support
Convenient, flexible platform with with advanced reporting. Create a compliant plan and engagement strategy customized for your small business needs.
Reduce payroll and employer taxes. Realize better budget control with a defined contribution.
Support Plans That Fit Your Employees
Employees choose their own insurance policy. QSEHRAs can annually reimburse an employee up to $6,150 and families up to $12,450.
Employees: Why Enroll in a QSEHRA?
Tax-Free Income
Pay for Eligible Expenses
Easily Spend & Manage Funds
With the ZyneraHealth virtual wallet and debit Mastercard®, employees can use their account to make eligible purchases online and at locations that accept Mastercard®.
Expenses may include insurance premiums, copays, prescriptions and other eligible out-of-pocket expenses.
Reimbursement dollars are employer-funded and not taxable to employees.
What Expenses Can I Reimburse With My QSEHRA?
Modern Flexible Benefits
Contacts
ZyneraHealth is a third-party administrator, not a bank. Banking services are provided by Centennial Bank, Inc., member FDIC and subsidiary of Home BancShares, Inc. Your deposit balances held at Centennial Bank, Inc. are insured by the Federal Deposit Insurance Corporation (FDIC) for up to the legal limit (currently $250,000 for each category of legal ownership). Banking services associated with ZyneraHealth accounts are available only through Centennial Bank, Inc. The ZyneraHealth Debit Mastercard® is issued by DataPath Financial Services, Inc. pursuant to a license from Mastercard Inc. and may be used everywhere Mastercard debit cards are accepted. Annual Percentage Yield (APY) accurate as of 1/4/2024. Minimum amount to open a ZyneraHealth HSA account is $1,000. An interest rate of 0.050% applies to entire balance. Interest rates may change after account is opened. Fees may reduce earnings.
Brokerage services provided by DataPath Investment Advisors, Inc. member FINRA/SIPC. DataPath Investment Advisors, Inc. is the firm that we use to custody our client investment assets. DataPath Investment Advisors, Inc. and ZyneraHealth are separate and unaffiliated firms, and are not responsible for each other’s services or policies. DataPath Investment Advisors, Inc. does not endorse or recommend any advisor and the use of the DataPath Investment Advisors, Inc. logo does not represent the endorsement or recommendation of any advisor.
