Report explains new San Francisco law restricting health reimbursement arrangements

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.