What are the reporting and documentation requirements for QSEHRAs?

Employers offering a QSEHRA must provide written notice to employees at least 90 days before the beginning of the year, or upon the employee’s eligibility date, informing them about the QSEHRA benefit. Additionally, employers need to report the value of the QSEHRA benefit on employees’ W-2 forms. It’s important for employers to maintain documentation and records of their QSEHRA expenditures to ensure compliance with IRS regulations.