Health Reimbursement Arrangement (group health insurance)

Health Reimbursement Arrangement (group health insurance)

More Views

Health Reimbursement Arrangement (group health insurance)
$495.00

Availability: In stock

Standard HRA (employers that provide group health insurance)

With an HRA plan in place, the employer can fund an account that reimburses the employee for qualified medical expenses, such as co-pays, deductibles, vision care, prescriptions, long-term care, medical insurance, chiropractic care, and most dental expenses. Over-the-counter drugs that are medically-necessary may also be reimbursed by an HRA Plan, depending on the plan limits set by the employer. Reimbursements that come from the HRA are not taxed to the employee and have the added benefit of being tax-deductible for the employer. In this manner, both the employer and employee benefit; the employer in reduced insurance costs and the employee in a better benefits package.

Here’s what will happen next: 

A plan specialist will review your questionnaire for completeness. Please Schedule an Appointment to finalize your plan. During this review, please have your Federal Employer Identification Number (FEIN) available. Once the review is complete, we’ll prepare your Plan Document, SPD, Forms, helpful guides, and easy-to-follow signing instructions.

  

* Required Fields

$495.00

Description

Details

HRA plan includes:

  • Resolution to Adopt a Plan- Includes minutes of the meeting to adopt the HRA Plan as an employee benefit.
  • Plan Document – Plan Documents are personally prepared for each church and kept on file for review for IRS, etc. 
  • HRA Summary Plan Description (SPD) – Explains the Plan Purpose, Who is Eligible, How To Enroll, etc. in easy to read language. Also includes all information required by the Internal Revenue regarding the Plan Year Start and End Dates, Agent for Legal Service, Fed. ID#, and information regarding COBRA, FMLA, and required DOL information.
  • Election and Claim Form – Personalized for your church, it will include the Election Agreement and Claim Form to submit bills to the church for reimbursement.
  • Administrative Handbook – Includes sections on  Administration, Non-Discrimination Testing, and Reporting and Disclosure information. .

 

Reviews