Part of the appeal of using a QSEHRA plan for your employees' benefits is not having to deal with pricey renewals and the endless hassle that comes with administering them. But there are obviously some managerial details, decisions, and paperwork that need to be taken care of. The good news? QSEHRA software like ours should do the legwork for you. If you're looking for QSEHRA management, QSEHRA administration, or a QSEHRA platform, you're absolutely in the right place.
QSEHRA software, also known as QSEHRA administration, QSEHRA platforms, benefits software, or QSEHRA management, is a tool that simplifies offering a Qualified Small Employer HRA.
Selecting the right software tool is key - one that streamlines processes easily, maintains records, and helps with legal and accounting documents. Below are just a few of the things we think you should look for when you are shopping around for QSEHRA software. And by the way, Take Command's QSEHRA software takes care of this (and more!).
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Below we will walk you through the things that QSEHRA software should do (at a minimum!)
1. Automatic Reporting
You’ll be submitting paperwork routinely for your staff when they request reimbursement for healthcare expenses. Because of that, having a software tool that provides automatic monthly reimbursement reports is vital. Along with monthly reports, such as your reimbursement report, you will want to ensure you choose a tool that provides year-end tax reporting as well.
2. Approval and Tracking
Rather than spending time trying to ensure your employee’s reimbursement fits HRA criteria, find a software tool that automatically approves reimbursements based on your HRA conditions. An added benefit that will aid both you and your staff is a tool that will track all employee balances.
3. Reimbursement Requests
Your employees will be submitting many requests for reimbursement throughout the year. To help streamline this process, you want to pick a software that allows them to do so online or through their smart phone. QSEHRA software like ours will keep track of all paperwork that comes along with a reimbursement request- receipts, appointment referrals, medical records, etc…and will sync to your payroll software to save you a step.
4. Smart Setup
Selecting and setting up a QSEHRA plan can be intimidating and overwhelming. A QSEHRA software tool should also come along with a staff that is available to you throughout the entire process, beginning with the setup. Look for a company (like Take Command!) that will help you customize your plan around your needs surrounding finances, company size, and all legal and accounting details. IRS requires a lot to keep your QSEHRA plan compliant. This is where a good QSEHRA administration tool will come in.
This tool should include:
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Check out our new QSHERA Guide for information on requirements, rules, regulations, setup and FAQs.
Our team of QSEHRA experts are ready to chat with you to answer any questions you have have along the way.