This article is a summary of a section from our free resource, Small Business Health Insurance Reimbursement: Annual Report 2017. Download the full report by clicking here.
In the face of rising health costs nationwide, reimbursement plans like health reimbursement arrangements (HRAs), by which businesses provide Allowances to employees to reimburse their health expenses, are an increasingly popular alternative to group health insurance. How these plans are executed varies depending on several metrics, however, including geography and industry. One factor that’s likely contributing to the differences in health reimbursement popularity is the range of allowances among the states. These allowances are the dollar amount made available to employees for qualified reimbursements.
In our 2017 Annual Report, we analyzed reimbursement plan allowances nationally, regionally, and state by state.