June 03, 2013

HRAs and Health Insurance Premiums Credit

Question:
 
What should a church do to establish a Health Reimbursement Arrangement to pay for the pastor's personal health insurance premiums?

Answer:

In the current health insurance climate of high premiums and reduced benefits, many churches have decided to radically change their benefit packages. One of those solutions has been to establish a Health Reimbursement Arrangement (HRA) for their pastor. The following link to our MinistryCPA.org website seeks to provide helpful information.
 

Further, many of these same churches have also qualified for the Credit for Small Employer Health Insurance Premiums. More information on this credit is also available within the following May 2011 blog post.
 

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