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Integrated Deductible Gap HRA Plan Design Award of the Week

November 20, 2014 – Gene C. Ennis – I see a lot of HRA Plan designs come across my desk. Occasionally one stands out as simple, comprehensive, and easy for an employee to understand and get enthused about. I give this one the Integrated Deductible Gap HRA Plan Design Award this week:HRA6b

 

Schedule A

SCHEDULE OF BENEFITS AND ELIGIBLE EXPENSES

Medical Expenses That Are Reimbursable

Maximum Benefits. The maximum allowed benefit each year for Employee Only Coverage and for Employee plus Qualified Dependents Coverage is $2,000.00 (50% of $4,000.00) for expenses applicable to the calendar-year deductible.

Employee Only Coverage: The HRA will reimburse dollar-for-dollar for the first $4,000.00 in deductible expenses incurred by the Employee. Maximum $2,000.00

Employee and Qualified Dependent(s) Coverage: The HRA will reimburse dollar-for-dollar for the first $4,000.00 in deductible expenses incurred by the Employee. Maximum $2,000.00

Employee Covered on a Spouse Insurance Plan: The HRA will reimburse dollar-for-dollar for the first $4,000.00 in deductible expenses incurred by the Employee. Maximum $2,000.00

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Core HRA Plans from $299 one-time fee

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: https://www.coredocuments.com, or call toll free 1-888-755-3373.

Download Core Documents HRA Employer Guide HERE

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