b'Being a professional nanny may be considered non-traditionalemployment,butthatdoesntmeanyouneedtopassup benefits for us based nanniesconventionalbenefitslikehealthinsuranceandretirementsavings. QSEHRACheck out these benefits that are easy for your nanny family to A Qualified Small Employer Health Reimbursement Arrangementoffer and provide tax savings for you and your employer. (QSEHRA) is a great way to help you pay for health insurancewhile saving both you and your nanny family on taxes. Here isVirtual Medicine how it works. A family funds the account with up to $5,300 forImaginehavingaround-the-clockaccesstoaphysicianby theiremployee(or$10,700ifalsocoveringtheiremployeesphone, secure messaging, or video. You could get answers to family).simpleorcomplexmedicalquestions,scheduleconsults,andshare pictures or videos with a doctor on your schedule. You do You would then get reimbursed for health insurance coveragenot need to wait until your doctors office opens to get advice purchased on the individual market or through the health careor assistance. exchangeandout-of-pocketmedical,dental,andvisionexpenses.YoucanevenpairitwithyourspouseshealthAvirtualmedicineservicewithunlimitedcallsisperfectfor insurance policy if you are covered by that plan. Nanny familiesailments like colds, allergies, rashes, injuries, and more. It can mayprovidetheiremployeeswithhealthcarestipends,butalso send prescriptions directly to your pharmacy. those can be considered taxable income.Instead of heading to urgent care when you get sick or injured However, your nanny familys contributions to a QSEHRA are notwhichcanadduptohundredsofthousandsofdollarsin taxable for them or you, as they are not counted as wages.medicalcostsevenifyouhavehealthinsuranceavirtual Reimbursements are also not taxed if your health plan meetsmedicine service can help diagnose and treat your illness or certain minimum requirements.injury. This will also help you reduce the number of days you mayneedtocallinsick,savingyournannyfamilythehasslesof Didnt use all of your QSEHRA money before the end of thearranging alternate childcare. year? No problem. Your employer can allow funds to carry overfrom year-to-year as long as your total benefit does not exceedBest of all, virtual medicine is affordable at just $12/month. the annual contribution limit.24WINTER 2020|NannyMag.com'