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Report explains new San Francisco law restricting health reimbursement arrangements

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Legislation recently signed by San Francisco Mayor Edwin Lee imposes new restrictions on the use of health care reimbursement arrangements to satisfy a city law that requires employers to spend a certain amount of money on employee health care. A new paper prepared by Morgan, Lewis, & Bockius L.L.P. details the changes employers will quickly have to make to their HRAs to comply with the new San Francisco law.