My work recently decided to offer an HRA (Health Reimbursement Agreement). One of my coworkers had already found himself insurance on the marketplace with the help of a broker. He is getting premium tax credits (subsidies) that greatly reduce the cost of his insurance. He also added on eye and dental and is in the middle of setting up an appointment with a dental surgeon through his insurance to remove an abscess in his mouth. Technically he should ditch his plan / try to get the work HRA to cover part of it, but I think the dental he has will get disrupted since it’s tied to his marketplace plan.
My main question is, if he already had insurance when our bosses offered the HRA and our company has less than 50 full time employees, what is the likelihood of him getting caught if he keeps his current insurance (government subsidized) until the next open enrollment through work (next year)?
I am essentially HR at my work, even though my boss barely gives me control over things and I don’t have access to the basic information that would make my job more seamless and easier to do. I have been “in charge” of signing up people for this work-sponsored “insurance” but I don’t feel like I had all of the information when we started this program.
TL,DR: In a company with less than 50 employees how likely is it that the IRS would seek you out and make you pay back subsidies?
submitted by /u/fraujenny
[link] [comments]My work recently decided to offer an HRA (Health Reimbursement Agreement). One of my coworkers had already found himself insurance on the marketplace with the help of a broker. He is getting premium tax credits (subsidies) that greatly reduce the cost of his insurance. He also added on eye and dental and is in the middle of setting up an appointment with a dental surgeon through his insurance to remove an abscess in his mouth. Technically he should ditch his plan / try to get the work HRA to cover part of it, but I think the dental he has will get disrupted since it’s tied to his marketplace plan. My main question is, if he already had insurance when our bosses offered the HRA and our company has less than 50 full time employees, what is the likelihood of him getting caught if he keeps his current insurance (government subsidized) until the next open enrollment through work (next year)? I am essentially HR at my work, even though my boss barely gives me control over things and I don’t have access to the basic information that would make my job more seamless and easier to do. I have been “in charge” of signing up people for this work-sponsored “insurance” but I don’t feel like I had all of the information when we started this program. TL,DR: In a company with less than 50 employees how likely is it that the IRS would seek you out and make you pay back subsidies? submitted by /u/fraujenny [link] [comments]Read Morer/HealthInsurance