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:10/13/2017)... ... 2017 , ... The Visiting Nurse Association (VNA) of Somerset Hills is proud ... and unique items from across the nation, this holiday-themed event will raise funds and ... the VNA. The boutique will be open Saturday, November 4 (10:00 a.m. – ...
(Date:10/13/2017)... ... ... Yisrayl Hawkins, Pastor and Overseer at The House of Yahweh, has released a ... books in the Holy Scriptures, Revelation. The Book of Revelation paints a picture of ... have tossed it off as mere rubbish, but Yisrayl Hawkins says that is because ...
(Date:10/13/2017)... ... October 13, 2017 , ... “The Journey: From the Mountains to the Mission ... lost souls in the Philippines. “The Journey: From the Mountains to the Mission Field” ... the Bible. She has taught all ages and currently teaches a class of ladies ...
(Date:10/12/2017)... San Francisco, CA (PRWEB) , ... October 12, ... ... and Dr. Cheng, are now treating sleep apnea using cutting-edge Oventus ... sleep apnea, a serious sleep disorder characterized by frequent cessation in breathing. Oral ...
(Date:10/12/2017)... CITY, Fla. (PRWEB) , ... October 12, 2017 , ... ... cold therapy products, announced today the introduction of an innovative new design of the ... multipurpose pad so you get maximum comfort while controlling your pain while using cold ...
Breaking Medicine News(10 mins):
(Date:9/28/2017)... , Sept. 28, 2017 Cohen Veterans Bioscience ... the use of wearable and home sensors for real-time ... Early Signal Foundation, a nonprofit organization focused on disruptive ... provide an affordable analytical system to record and integrate ... ...
(Date:9/23/2017)... , Sept. 22, 2017 Janssen Biotech, Inc. ... response letter from the U.S. Food and Drug Administration ... of sirukumab for the treatment of moderately to severely ... additional clinical data are needed to further evaluate the ... severely active RA. ...
(Date:9/18/2017)... , Sept. 18, 2017  PMD Healthcare of ... Pharmacy of Kalamazoo, Mich. , have ... service that expedites and streamlines patient and provider access ... 2.0, and wellness management services.  ... used to measure lung function for a variety of ...
Breaking Medicine Technology: