Plan Document. TABLE OF CONTENTS hereby establishes a selffunded Health Reimbursement Arrangement (HRA) Plan (the Plan) to be effective as of the Effective Date specified in Section 2. 1(f) below. This Plan is intended to permit an Eligible Employee to obtain reimbursement of Eligible Medical Health Reimbursement Accounts (HRAs) are employerfunded group health plans from which employees are reimbursed taxfree for qualified medical expenses up to a fixed dollar amount per year.
Unused amounts may be rolled over to be used in subsequent years. The employer funds and owns the account. The Comprehensive HRA Plan is a viable option if combined with an employersponsored group health plan (including employees participating in a spouse group health plan). It can be used to reimburse most 213(d) medicallynecessary outofpocket expenses, including excepted benefit insurance premium expenses.
services incurred in a Plan Year or the remaining portion of a Plan Year in which they are enrolled. Employee Only: Family: Other (specify): Carry Over: This is the amount of unused benefits that can be carried over from one Plan Year to the next Plan Year. See the Carry Over terms below. Following is a sample outline for a Health Reimbursement Arrangement (HRA) plan specifically designed for a small business where the employer pays the entire amount of the contribution.
This design would not be used in the more common situation when the employee pays part of the health cost and the goal is to avoid paying wage taxes on Whether you need to write a business plan, legal contracts, proposals, business letters, board resolutions, policies, spreadsheets or any other business document, simply fill in the blanks and get the job done in minutes!
Instead of offering a group health plan, small businesses may use a qualified small employer HRA to reimburse employees outofpocket medical expenses, including their premiums for individual health insurance coverage, on a taxfree basis.
Depending on the plan design, expenses that may be reimbursed from the HRA include the following: deductibles, copayments, coinsurance, prescription medications, vision expenses, dental expenses, and other outofpocket healthrelated expenses.