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Amendment to San Francisco's Health Care Law Impacts Use of HRAs
McKenna Long & Aldridge LLP Link to more items from this source
Nov. 1, 2014
"Employers using health reimbursement accounts (HRAs) to satisfy San Francisco's health care mandate may not be able to do so for much longer. The San Francisco Health Care Security Ordinance (HCSO) recently amended its rules to phase out the use of HRAs by 2017. The HCSO requires certain employers to spend a minimum amount of money each quarter on healthcare expenditures on behalf of their covered employees. Employers who use HRAs as a vehicle to meet such requirements must now take action to ensure compliance with the new changes[.]"

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