Core Documents Reduces the Cost of the 2+ Employee Integrated HRA Plan Document Package from $314 to Just $299 One-Time Fee

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Core Documents Integrated HRA plan document package can maximize employer savings by eliminating large, lucrative annual recurring fees their competitors charge.

Core Documents for Affordable Section 125 Cafeteria and HRA Plan Documents

Core Documents Integrated HRA Plans now only $299 one-time fee

Core Documents, the nation’s premier provider of affordable Section 125 Cafeteria and HRA plan documents, has reduced the price of their 2+ employee Health Reimbursement Arrangement HRA Plan Document Package from $314 to just a $299 one-time fee. Most of their competitors charge large recurring annual fees.

The primary requirements for an HRA are that (1) the plan must be funded solely by the employer and cannot be funded by salary reduction, and (2) the plan may provide benefits for substantiated medical expenses only.

HRAs are most commonly offered in conjunction with a High Deductible Health Plan. As a rule, moving to a High Deductible Health Plan will result in reduced premium costs, which creates real savings on healthcare costs for the employer. HRA contributions may then be funded using the savings gained from the lower premium costs. By funding an HRA, the employer effectively bridges the gap between the higher deductible and the expenditure amount at which the insurance coverage "kicks in" for their employees.

See an Integrated HRA Insurance Premium Savings Calculator attachment to this press release.

Depending on the plan design, expenses that may be reimbursed from the HRA include the following: deductibles, co-payments, co-insurance, prescription medications, vision expenses, dental expenses, and other out-of-pocket health-related expenses.

HRA funds are contributed to employees on a pre-tax basis; therefore, the funds are not taxable to the employee. As such, employees need not claim an income tax deduction for an expense that has been reimbursed under the HRA.

Here's an example of a typical Integrated HRA plan design:

Employee Only Coverage: The HRA will reimburse 50% of 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 50% of 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 50% of the first $4,000.00 in deductible expenses incurred by the Employee. Maximum $2,000.00

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.

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Gene C. Ennis
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