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:6/26/2016)... Lake Orion, Clarkston, Michigan (PRWEB) , ... June ... ... direction with respect to fertility once they have been diagnosed with endometriosis. These ... tolerable intercourse but they also require a comprehensive approach that can help for ...
(Date:6/25/2016)... FL (PRWEB) , ... June 25, 2016 , ... The temporary closing of Bruton Memorial ... Plant City Observer , brings up a new, often overlooked aspect of head lice: the ... closing for fumigation is not a common occurrence, but a necessary one in the event ...
(Date:6/25/2016)... ... June 25, 2016 , ... As a lifelong Southern Californian, Dr. Omkar Marathe ... from the David Geffen School of Medicine at UCLA. He trained in Internal Medicine ... his fellowship in hematology/oncology at the UCLA-Olive View-Cedars Sinai program where he had the ...
(Date:6/25/2016)... Montreal, Canada (PRWEB) , ... June 25, 2016 , ... ... the pursuit of success. In terms of the latter, setting the bar too high ... low, risk more than just slow progress toward their goal. , Research from ...
(Date:6/24/2016)... ... 2016 , ... June 19, 2016 is World Sickle Cell Observance Day. In ... benefits of holistic treatments, Serenity Recovery Center of Marne, Michigan, has issued ... Sickle Cell Disease (SCD) is a disorder of the red blood cells, which can ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... June 23, 2016 Roche (SIX: RO, ROG; ... for its Elecsys BRAHMS PCT (procalcitonin) assay as a ... septic shock. With this clearance, Roche is the first ... integrated solution for sepsis risk assessment and management. ... infection and PCT levels in blood can aid clinicians ...
(Date:6/23/2016)... Capricor Therapeutics, Inc. ... company focused on the discovery, development and commercialization ... in its ongoing randomized HOPE-Duchenne clinical trial (Halt ... its 24-patient target. Capricor expects the trial to ... 2016, and to report top line data from ...
(Date:6/23/2016)... -- Bracket , a leading clinical trial technology and ... platform, Bracket eCOA (SM) 6.0, at the 52 nd ... 2016 in Philadelphia , Pennsylvania.  A demonstration ... of its kind to fully integrate with RTSM, will be ... is a flexible platform for electronic clinical outcomes assessments that ...
Breaking Medicine Technology: