Blog

HRA Glossary

HRA terms every employer and employee should know.

Premium Tax Credit

Learn how the Premium Tax Credit can help small businesses and employees afford health insurance. Discover eligibility and benefits.
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Formulary

Learn what a formulary is in health insurance and how it impacts small businesses offering employee health benefits, including ICHRA.
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Coinsurance

Learn how coinsurance works and its impact on small business health benefits. Discover how to manage costs with SimplyHRA.
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Out-of-Pocket Maximum

Learn how out-of-pocket maximums work in health plans and how they impact small businesses offering ICHRA solutions.
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Deductible

Learn what a deductible is in health insurance and how it impacts costs for small businesses and employees. Simplified explanation for beginners.
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Qualified Small Employer Health Reimbursement Arrangement (QSEHRA)

Learn how Qualified Small Employer HRAs (QSEHRAs) help small businesses provide tax-free health benefits without the complexity of group plans.
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Affordable Care Act (ACA)

Learn how the Affordable Care Act (ACA) impacts small businesses, including requirements, benefits, and cost-effective health coverage options.
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Minimum Essential Coverage (MEC)

Learn about Minimum Essential Coverage (MEC) and how it impacts small business health benefits, including ICHRA options.
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Individual Coverage Health Reimbursement Arrangement (ICHRA)

Learn about Individual Coverage Health Reimbursement Arrangements (ICHRA) and how they offer flexible health benefits for small businesses.
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