Straight answers on Medicare and small business health insurance.
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Results for “ICHRA”
7 articlesWorking past 65 and Medicare: the 20-employee rule, the 8-month Part B window, and HSAs
Short answer: If your coverage comes from your own or your spouse's current job and the employer has 20 or more employees, you can usually delay Part B without a penalty and sign up within 8 months after the job or coverage…
Is your drug coverage creditable? Part D rules, the October 15 notice and the late penalty
Short answer: Creditable coverage is drug coverage expected to pay at least as much as standard Part D, which lets you delay Part D without a penalty. Because Part D became richer, employer plans must pass a stricter test for 2027, and…
Can My LLC Pay for My Health Insurance? The 2 Percent Rule and Schedule 1
Short answer: Usually yes, but the reporting changes by tax classification. A sole proprietor or single-member LLC deducts premiums on Schedule 1 (Form 1040), line 17, using Form 7206. A partnership reports them as guaranteed payments on Schedule K-1. An S corporation…
Level-Funded Health Plans in 2027: How the Surplus Works and When It Backfires
Short answer: A level-funded plan is a self-insured plan billed as one fixed monthly amount. That amount funds expected claims, stop-loss insurance, and administration. If claims land under the funded amount, the contract may return part of the surplus. If claims run…
ICHRA vs QSEHRA in 2027: Caps, Classes, and the October 3 Notice Deadline
Short answer: A QSEHRA is limited to employers with fewer than 50 employees that offer no group health plan, and IRS caps apply: $6,450 self-only and $13,100 family for plan years beginning in 2026. An ICHRA, which federal sites now call a…
Florida Small Business Health Insurance for 1 to 50 Employees in 2027
Short answer: Florida's small group market covers employers with 1 to 50 full-time equivalent employees, and state law requires guaranteed-issue group plans at 2 to 50 eligible employees. For 2027 you have four structures: fully insured, level-funded, ICHRA, and QSEHRA. Carriers filed…
ICHRA for small business in 2027: how it works, who it fits, and when it is the wrong answer
Short answer: An ICHRA lets an employer reimburse employees tax-free for individual health insurance premiums and medical expenses instead of sponsoring a group plan. There is no minimum or maximum contribution, no participation requirement, and employers of any size can offer one.…
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