Executive HRA

[somarco]

Is it possible (legal) to set up an executive (or carve out) HRA?

Question was posed to me and, with it being the end of the week, my brain is fried.

Employer wants to bonus premiums for individual major med to management class employees only. In essence, an executive HRA POP.

 

[NewHealthStrategies]

HRA's cannot be used to pay for premiums.... so beware of that first and foremost.

If used for medical reimbursements then YES an employer can set up CLASSES of employees pretty much any way they want... they simply CANNOT discriminate among the class.

Hope that helps... if not and you want more info on HRA's and why an employer might want to use it versus an HSA... email me and we'll discuss....

Mark

 

[MHart]

HRA's cannot be used to pay for premiums.... so beware of that first and foremost.

If used for medical reimbursements then YES an employer can set up CLASSES of employees pretty much any way they want... they simply CANNOT discriminate among the class.

Hope that helps... if not and you want more info on HRA's and why an employer might want to use it versus an HSA... email me and we'll discuss....

Mark

HRA's can be used to just pay for premiums. Why do they have premium only HRA's? Also they can be used in conjunction with HSA's. This is argued all the time.

Some different types of HRA's that can be used to take care of this for reference:
Marc Hart Insurance Services - Flex Plan Solutions

 

[moonlightandmargaritas]

HRA's cannot be used to pay for premiums....

This is simply NOT accurate.

IRS ruling from 2005 SPECIFICALLY said that premiums CAN be paid from a Section 105 Health Reimbursement Arrangement.

Suggest you actually read the Internal Revenue Code.

 

[clevb]

You might want to check this web site: Base® Benefits You Can Trust. Service You Can Count On.

 

[somarco]

Cleveb, isn't that a Mega site?