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An employer-funded account that pays for employer-approved expenses. Employers have the flexibility to design the plan according to the unique needs of their organization.

An account that employees may setup through their employer to save money on qualified health care expenses. Employers and employee experience tax savings when employees participate.

An account used to save for future medical costs that pairs with an HSA-compatible medical plan. Contributions, earnings, and disbursements for qualified medical expenses are tax-free.

ICHRA, QSEHRA and EBHRA are employer-funded plans that may be designed to offer employees pre-tax assistance toward the cost of individual health care premiums, excepted benefits, and/or qualified medical expenses. A Medicare HRA is an employer-funded plan for businesses with under 20 employees that can offer pre-tax assistance towards Medicare premiums.

An account employees may set up through their employer to save money on daycare expenses for qualified dependents. Employers and employees experience tax savings when employees participate.

An account employees may setup through their employer to save money on parking and/or mass transit expenses incurred in order to travel to and from work. Employers and employees experience tax savings when employees participate.

Employers need Plan Documents & SPDs in order to offer their employees the ability to pay for certain premiums tax-free via a Section 125 Cafeteria Plan, or offer educational or adoption assistance up to IRS-approved limits.

Plan Documents and Summary Plan Descriptions are two requirements put forth by ERISA (the Federal Employee Retirement Income Security Act). A WRAP document is customized to wrap around current plan documents and spd’s, as well as, insurance certificates and benefit plan booklets to comply for ERISA.  

Compliance activities required by the US Department of Labor include the ACA-mandated Form 5500 for groups with 100 or more employees, Forms 1094-95 for ACA Reporting, Form 720 for PCORI fees, and Non-Discrimination Testing for cafeteria plans.