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ACA changes rules for pre-tax reimbursement

Nina-Braun-headshotNot long ago, employers could reimburse workers who get their health insurance elsewhere. This was a benefit that could be paid pre-tax, similar to a flexible spending account.

Under the final rules of the Affordable Care Act (ACA), this is no longer an option. Employers can only offer pre-tax reimbursement for health insurance offered through their own sponsored group health plans.

Nina Braun, CPA, CFE and Ketel Thorstenson partner, says employers can continue to pay taxable bonuses to the employees. For more information, check out her article in the summer edition of The KT Addition.

The ACA has raised a number of questions as it becomes the law of the land. Braun and our staff of accountants in Rapid City, Williston, Spearfish and Custer have stayed on top of the rules and regulations throughout the process. If you have specific questions or concerns, give us a call.

Ketel Thorstenson, LLP

Ketel Thorstenson, LLP

Ketel Thorstenson, LLP, has over 55 CPA’s on staff and has been serving clients across the region since 1936. With offices in Rapid City, Spearfish, Custer, SD, and Gillette, WY, the firm offers a variety of services including tax planning and return preparation, audit services, QuickBooks, bookkeeping, payroll, business valuation and estate planning.
Ketel Thorstenson, LLP

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