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Core Documents Produces a Video About Health Reimbursement Arrangement (HRA) Plans

Above: Health Reimbursement Arrangement (HRA) Plans Only $299 (video)

December 11, 2013

Bradenton, FL – Core Documents, the nations leading provider of affordable Section 125 Cafeteria and HRA plan documents has produced a new YouTube video titled ‘Health Reimbursement Arrangement (HRA) plans only $299 by CoreDocuments.com’.

This new YouTube is a six minute Executive Summary of everything an employer needs to know to successfully establish a Health Reimbursement Arrangement and start saving money.

The most common use of an HRA is in combination with a High Deductible Health Coverage (HDHC) Plan. HRAs can enhance a company’s benefit package while helping to contain costs and boost employee morale. For example, you can combine your HRA with a higher-deductible health insurance plan. The employer benefits from reduced insurance costs, but the effect to the employee is cushioned with an HRA.

Click the following link to download Core’s HRA Group Premium Savings Calculator. This simple one page worksheet allows any employer to compare premium savings for a new high deductible plan with their current lower deductible plan to identify exact savings. The worksheet will also allow the employer to estimate claims for a proposed HRA Deductible Gap plan to pay the extra deductible expense only for those employees who actually experience one. For example, if an employer moves to a $1,500 deductible instead of their old $500 deductible, the employee still pays the first $500, and the new Deductible Gap HRA will pay the new higher deductible expense from $501 to $1,500. This completely shields the employee from the higher deductible expense. However, the employer realizes the premium savings on all employees even though only 15 to 20% of employees will experience a deductible expense.

HRAs provide employers with a lot of flexibility in numerous plan design options such as the Comprehensive HRA, Limited HRA, and the Premium Reimbursement Arrangement HRA. Limits can be set on types of services reimbursed by an HRA. Defined dollar benefits contributed to a Comprehensive HRA can be made available to employees either in a lump sum or in increments throughout the year. This is in contrast to a Section 125 Health FSA where the employer can be liable for the full benefit amount on the first day of the plan. You can also choose to carryover unused HRA funds to the next plan year, or have all or a portion of the unused HRA funds forfeited at the end of the year.

Don’t be fooled by recently established imitators charging higher annual subscription plan document prices and exorbitant monthly per employee administration fees. Subscription service means you have to buy the HRA plan document every year whether you amend it or not. It comes with a built-in expiration date. You’re basically renting the plan document. It will take you years to quantify that this is not the most cost effective way to maintain a compliant plan document. Also, don’t get fooled into paying exorbitant per employee fees for administration.




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The President of Core Documents, Gene C. Ennis has held:

  • Certification in Flexible Compensation, (CFC) by the Employers Council on Flexible Compensation,
  • a 218 Life and Health Insurance license offering Section 125 plans since 1989,
  • a Third Party Administrator’s (TPA) license administering ERISA self-funded health and welfare plans,
  • a Professional Employer Organization (PEO) license with co-employer responsibility for 500 work site employees, and,
  • a PEO Controlling Person’s license.

Core Documents retains the services of several ERISA Benefit Attorneys for up to the minute commentary on issues affecting plan document language and administration. Since 1997 our plan documents have been thoroughly reviewed by numerous CPAs and law firms who have found them to be clear, concise, compliant and cost effective.


Core Documents, Inc. has been providing free consulting, affordable plan documents, and plan updates as needed for Section 125 Cafeteria Plans and Health Reimbursement Arrangements since 1997. See more information about these fringe benefit plans at Core Documents’ website: http://www.coredocuments.com, or call toll free 1-888-755-3373.