New law creates new type of HRA. The 21st Century Cures Act was recently signed into law. It creates a new type of health reimbursement arrangement (HRA) called a “qualified small employer HRA” that isn’t considered a group health plan for most tax law purposes. Therefore, it now allows small employers (those with fewer than 50 employees) to provide HRAs without facing penalties for failing to satisfy certain Affordable Care Act requirements. The law is effective for plan years beginning after Dec. 31, 2016. Contact us for more information about setting one up