Discrimination favoring management or highly paid employees is not permitted for deductible health and accident insurance plans. For self-insured medical reimbursement plans (i.e., direct payment or reimbursement by the employer of the medical bills of the employee or family), no discrimination, either in eligibility or benefits, is permitted if "highly compensated individuals" are to receive all plan benefits tax-free. The plan must benefit, in general, at least 70% of employees who are not highly compensated employees. However, there are exceptions. A "highly compensated employee" is one who has a significant ownership interest in the company, or who is one of the five highest paid officers or employees. An alternative designation is an income threshold, currently $80,000. If a self-insured plan is discriminatory, an employee who is considered a highly compensated employee must include the amount of discriminatory benefits received in gross income.
Harris Texas Corporate Resolution Establishing a Self-insured Medical Payment Plan for Key Employees is a legal document that outlines the establishment of a self-insured medical payment plan for important employees within a corporation based in Harris County, Texas. This resolution demonstrates the corporation's commitment to providing comprehensive healthcare benefits to key employees while managing costs through a self-insurance approach. Keywords: Harris Texas, corporate resolution, self-insured medical payment plan, key employees, healthcare benefits, self-insurance approach. Different types of Harris Texas Corporate Resolution Establishing a Self-insured Medical Payment Plan for Key Employees may include: 1. Harris Texas Corporate Resolution Establishing a Fully Self-insured Medical Payment Plan for Key Employees: This type of resolution signifies that the corporation assumes complete financial responsibility for providing healthcare benefits to its key employees. The company handles the claims' administration, funding, and assumes the risk associated with the medical payment plan. 2. Harris Texas Corporate Resolution Establishing a Partially Self-insured Medical Payment Plan for Key Employees: This resolution outlines a plan in which the corporation shares the financial responsibility for providing healthcare benefits with an insurance carrier. The corporation sets aside funds to cover a portion of the claims, while the insurance carrier takes on the remaining risk. 3. Harris Texas Corporate Resolution Establishing a Self-insured Medical Payment Plan for Executive-level Employees: This particular resolution focuses on providing self-insured medical payment coverage specifically for high-level executives within the corporation. It may include additional benefits and higher coverage limits tailored to meet the unique healthcare needs of key executives. 4. Harris Texas Corporate Resolution Establishing a Self-insured Medical Payment Plan for Essential Employee Groups: This resolution pertains to establishing a self-insured medical payment plan for specific employee groups deemed essential to the operation of the corporation. Essential employees may include those in critical roles or positions vital to the organization's success, such as senior management, specialized technical staff, or key sales personnel. In summary, the Harris Texas Corporate Resolution Establishing a Self-insured Medical Payment Plan for Key Employees is a crucial legal document that sets out the corporation's commitment to providing comprehensive healthcare benefits to important employees while employing a self-insurance approach to manage costs effectively.Harris Texas Corporate Resolution Establishing a Self-insured Medical Payment Plan for Key Employees is a legal document that outlines the establishment of a self-insured medical payment plan for important employees within a corporation based in Harris County, Texas. This resolution demonstrates the corporation's commitment to providing comprehensive healthcare benefits to key employees while managing costs through a self-insurance approach. Keywords: Harris Texas, corporate resolution, self-insured medical payment plan, key employees, healthcare benefits, self-insurance approach. Different types of Harris Texas Corporate Resolution Establishing a Self-insured Medical Payment Plan for Key Employees may include: 1. Harris Texas Corporate Resolution Establishing a Fully Self-insured Medical Payment Plan for Key Employees: This type of resolution signifies that the corporation assumes complete financial responsibility for providing healthcare benefits to its key employees. The company handles the claims' administration, funding, and assumes the risk associated with the medical payment plan. 2. Harris Texas Corporate Resolution Establishing a Partially Self-insured Medical Payment Plan for Key Employees: This resolution outlines a plan in which the corporation shares the financial responsibility for providing healthcare benefits with an insurance carrier. The corporation sets aside funds to cover a portion of the claims, while the insurance carrier takes on the remaining risk. 3. Harris Texas Corporate Resolution Establishing a Self-insured Medical Payment Plan for Executive-level Employees: This particular resolution focuses on providing self-insured medical payment coverage specifically for high-level executives within the corporation. It may include additional benefits and higher coverage limits tailored to meet the unique healthcare needs of key executives. 4. Harris Texas Corporate Resolution Establishing a Self-insured Medical Payment Plan for Essential Employee Groups: This resolution pertains to establishing a self-insured medical payment plan for specific employee groups deemed essential to the operation of the corporation. Essential employees may include those in critical roles or positions vital to the organization's success, such as senior management, specialized technical staff, or key sales personnel. In summary, the Harris Texas Corporate Resolution Establishing a Self-insured Medical Payment Plan for Key Employees is a crucial legal document that sets out the corporation's commitment to providing comprehensive healthcare benefits to important employees while employing a self-insurance approach to manage costs effectively.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
