According to Statista, staff transition (turnover) was the single biggest challenge faced by nonprofits in 2019. When resources are tight, nonprofits can have a hard time finding the funds to cover health benefits for their employees—especially if they limit their options to group health insurance. This is where a health reimbursement arrangement (HRA) can help.

The popularity of Health Savings Accounts has surged dramatically in recent years. According to a report by Devenir Research, there are now over 26 million health savings accounts, holding $61.7 billion in assets. But what are HSAs, and why are they so popular?

PSA: This is not an in-depth overview of the QSEHRA. If that’s what you’re after, our comprehensive QSEHRA guide is your best friend. Consider this the SparkNotes version.

A newly proposed regulation, Certain Medical Care Arrangements, could greatly expand the value and reach of Health Reimbursement Arrangements (HRAs) by letting employers use pretax dollars to reimburse employees for direct primary care arrangements, membership costs for health care sharing ministries, and costs for several government-sponsored programs.