If you are seeking to provide a tax advantaged healthcare reimbursement, such as a QSEHRA, to your household employee, you need to make sure it is ACA compliant. Let's delve into what it takes for a plan to be ACA-compliant and what might not meet those standards.

Topics: eldercare, household employee, nanny agency, senior care, nanny, nanny health insurance, household payroll, senior caregiver health insurance, agency, senior, CPA

Are you considering hiring a nanny? As a household employer, paying your nanny a fair wage is essential. While you may not be required to offer paid vacation, health insurance, paid sick time, or retirement savings plans, offering some benefits is important. Benefits can help you attract and retain the best nannies in the industry. In addition, it helps your nanny avoid exhaustion or burnout. So, while you are considering your nanny's employment details, make sure you think seriously about what it takes to provide a good benefits package. 

Topics: nanny employment practices, nanny, nanny payroll tax, nanny health insurance, nanny benefits, household payroll

Update: 2020 reimbursement maximums are $5,250 ($437.50 monthly) for an individual and $10,600 ($883.33 monthly) for a family.

Update: 2019 reimbursement maximums are $5,150 ($429.16 monthly) for an individual and $10,450 ($870.83 monthly) for a family.
Update: 2018 reimbursement maximums are $5,050 ($420.83 monthly) for an individual and $10,200 ($850 monthly) for a family.

Helping your nanny, caregiver or other household employee pay for health insurance on a tax free basis was complicated by provisions of the Affordable Care Act in 2013. In December 2016 the 21st Century Cures Act was enacted, making it much easier for household employers as well as other small employers to provide  tax free health benefits to household employees. 

Topics: nanny health insurance, employee health insurance, senior caregiver health insurance

On Tuesday, December 13, 2016 President Obama signed into law the 21st Century Cures Act. Tucked away inside the 1000 page legislation is a provision that allows employers to use Health Reimbursement Arrangements to compensate employees who buy their own insurance.

Topics: nanny health insurance, employee health insurance, senior caregiver health insurance

Employer paid health insurance can be an important nanny recruitment and retention tool. The trick for families is to find a way to pay or contribute to the nanny's health insurance and still meet their nanny's income goals and stay within the family childcare budget. All too often health insurance is not a financial priority, that is until a crisis occurs.

Topics: nanny health insurance

Payroll changes often happen at the beginning of the calendar year, and nanny tax related changes are no different. The HomeWork Solutions household payroll experts have assembled a short overview of changes a nanny employer, employer of a senior caregiver, or any household employer needs to know.

Topics: nanny health insurance, nanny mileage reimbursement, New York household payroll, Affordable Care Act, california household employment, DC household payroll

Smart employers know that key benefits such as health insurance that is paid for in whole or part by the employer is an important employee recruitment and retention tool.

Topics: nanny health insurance

We know, you just finished your annual tax filings and you would really prefer to tune out! This, however, is good news we want to remind you about.

Topics: nanny health insurance

There is good news for household employers who pay their nanny or senior caregiver "on the books."  These employers are often eligible for tax savings on their personal income tax returns.  And these tax savings often go a long way towards offsetting the household employer taxes they paid!

Topics: nanny payroll tax, nanny tax, nanny taxes, nanny health insurance

Federal Healthcare Reform legislation (Patient Protection & Affordable Care Act) creates some compliance issues that will begin impacting household employer's payroll recordkeeping in 2012. Effective January 1, 2012, all employers must report the total cost of all “applicable employer-sponsored coverage” provided to an employee for health insurance on the employee's Form W-2. Any non-taxable payments or reimbursements that the household employer makes to their employee(s) for health insurance coverage must be reported. If the employee pays for (funds) any part of his/her health insurance coverage that is partially sponsored by the employer, the total premium cost must be reported.

Topics: nanny health insurance, nanny benefits, employee health insurance