ICHRA vs. QSE-HRA Churches were relieved when the Qualified Small Employer Health Reimbursement Arrangement (QSE-HRA) came into law in late 2016. Finally, there was an affordable health coverage option for small churches. The plan was quickly adopted by thousands of small churches and remains extremely popular today. In June 2019, The President announced continuing HRA…

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Reporting Group life Insurance

Reporting Group life Insurance Group-term life insurance, or group life insurance, is an insurance policy that covers a group of people, like employees in a church, rather than individuals.  A group-term insurance plan is a fringe benefit, which is a benefit offered in addition to an employee’s regular wages. There are taxable and nontaxable fringe benefits….

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Retirement 403(b) Plans for Ministers

Retirement 403(b) Plans for Ministers While it is true that ministers, and other church employees, may earn less than those performing similar jobs requiring similar skills in the secular world, there are unique tax advantages that can help offset the compensation differences. One of the greatest advantages for church workers is the 403(b) retirement plan….

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Repay student loans up to $5,250 tax-free

The Coronavirus Aid Relief and Economic Security Act (the “CARES Act”) provides a way for churches to provide both tuition, books, supplies, and student loan payments tax-free through January 1, 2026. Generally, a Section 127 Education Assistance Plan only allows the church to pay or reimburse tuition and other qualified educational expenses. Section 2206 of the CARES Act modifies…

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Which health reimbursement plan is right for your church?

The Health Reimbursement Arrangement (HRA) model has made it possible for more churches to provide health care benefits for their employees with complete control of the costs and provide a pre-tax benefit to their employers. There are multiple HRA types to choose from, such as the One-Person Health Reimbursement Arrangements (HRA), Qualified Small Employer Health Reimbursement Arrangement…

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