Navigation Links
Using an HRA to Comply with San Francisco's HCSO Requirements - Zane Benefits Publishes Information
Date:12/3/2012

(PRWEB) December 03, 2012

Zane Benefits, the leader in Defined Contribution Healthcare, Health Reimbursement Arrangements (HRAs), and Private Health Exchanges, today published an article about using HRAs to comply with San Francisco's Health Care Security Ordinance (HCSO).

The San Francisco Labor Standards Enforcement allows an (HRA) to be used to meet the HCSO requirements of San Francisco. In this article, we will cover using a HRA to pay for HCSO Health Care Expenditures (HCEs).

One of the many benefits of using an HRA to comply with San Francisco’s HCSO ordinance, compared with using a traditional group health insurance plan, is that the employer may recoup unused expenses after an employee leaves the company.

In fact, among employers that used HRAs in 2011 to satisfy the HCSO requirements, just 17% of the nearly $66 million was actually reimbursed to employees, according to a report issued by the city's Office of Labor Standards Enforcement.

Since 2011, these new provisions have been put into place for businesses wishing to use an HRA to pay for employee HCEs:

(1) The contributions must be reasonably calculated to benefit the employee;

(2) The contributions must remain available to the employee for a minimum of twenty-four months from the date of the contribution;

(3) The employee must receive a written summary of each contribution within 15 days of the date of the contribution; and

(4) Upon separation, employees must be provided with a written summary of their account within 3 days and the funds must remain available for a minimum of 90 days.

READ THE FULL ARTICLE on HRAs & HCSO to see a breakdown of these rules, as well as information on using an HRA Administrator to comply with HCSO.

  • - -
About Zane Benefits, Inc.
Zane Benefits, Inc, a software company, helps insurance brokers, accountants, and employers take advantage of new defined contribution health benefits and private exchanges via its proprietary SaaS online health benefits software. Zane Benefits does not sell insurance. Using Zane’s platform, insurance professionals and accountants offer their clients a defined contribution plan with multiple individual health insurance options via a private health exchange of their choice.

Read the full story at http://www.prweb.com/releases/2012/12/prweb10171936.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Diabetes Rates Higher in Countries Using Lots of High Fructose Corn Syrup: Study
2. Targeting downstream proteins in cancer-causing pathway shows promise in cell, animal model
3. Housing quality associated with childrens burn injury risk
4. Understanding antibiotic resistance using crystallography and computation
5. Using Canadas Health System as Model Might Cut U.S. Costs: Study
6. UGA researchers boost efficacy of drugs by using nanoparticles to target powerhouse of cells
7. GPs using unreliable websites for tinnitus information, study finds
8. Technique using CT linked with improved detection of lymph node metastasis in patients with melanoma
9. Cancer-causing gene alone doesnt trigger pancreatic cancer, Mayo-led study finds
10. Deep-sea crabs grab grub using UV vision
11. Cyborg Tissue Created Using Nano-Wires
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/27/2017)... ... ... Team Novo Nordisk, the world’s first all-diabetes professional cycling team, is bringing Isle ... the remainder of the 2017 season. One of our best development riders, Brand is ... , “Every season we are excited to move an athlete from our pipeline up ...
(Date:7/26/2017)... (PRWEB) , ... July 26, 2017 , ... Capillus, LLC ... treat hereditary hair loss. The new Flexible Fitting Design offers a more comfortable, adaptable ... LLC is delighted with the improvements to the home-use laser therapy caps intended to ...
(Date:7/26/2017)... ... July 26, 2017 , ... A major challenge many labs face is ... samples and a lengthy freeze dry cycle are a few common challenges that can ... as well as new accessories and advancements in laboratory freeze dryers that will improve ...
(Date:7/26/2017)... ... 2017 , ... It's time to sign up for the new One-A-Month Essential Oil ... Heshelow, founder of Sublime Naturals and author of numerous books on essential oils. , ... by the 5th. , Two items are included in the December mailing. ...
(Date:7/26/2017)... Jupiter, Florida (PRWEB) , ... July 26, 2017 ... ... care for dogs and cats has opened in Jupiter. The state of ... patients (cardiology) and class leading treatments with a goal of providing heart patients ...
Breaking Medicine News(10 mins):
(Date:7/14/2017)... Endo International plc (NASDAQ: ENDP ) will ... Members of its senior management team will host a conference call ... ET. The dial-in number to access the call ... and the passcode is 45397076. Please dial in 10 minutes prior ... A replay of the call will be available from August ...
(Date:7/13/2017)... -- RK Logistics Group, Inc. was awarded California ... Fremont, CA headquarters facility where it provides ... San Jose for hi-tech, pharmaceutical and biomedical ... with its Fremont Innovation District, is excited to strategically partner ... to the hundreds of biotech, pharma and biomed companies throughout ...
(Date:7/12/2017)... 12, 2017  Eli Lilly and Company (NYSE: ... companies to resolve pending patent litigation in the U.S. District ... regarding the Cialis ® (tadalafil) unit dose patent. ... 2020. As part of the agreement, Cialis exclusivity is now ... "The unit dose patent for Cialis is valid ...
Breaking Medicine Technology: