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.
Kings New York Corporate Resolution Establishing a Self-insured Medical Payment Plan for Key Employees is a comprehensive document that outlines the procedures and guidelines for implementing a self-insured medical payment plan for important personnel within the organization. This resolution serves as an official and legally binding agreement between the corporation and its key employees regarding their healthcare coverage. Keywords: Kings New York, corporate resolution, self-insured medical payment plan, key employees, healthcare coverage. This corporate resolution is designed to provide exceptional healthcare benefits to key employees of Kings New York by establishing a self-insured medical payment plan. The plan allows the corporation to directly assume the financial risk of providing healthcare benefits instead of relying on external insurance providers. By adopting this resolution, Kings New York aims to offer its key employees a high level of flexibility, personalization, and cost control concerning their medical coverage. The resolution outlines the specific terms and conditions for the self-insured medical payment plan, ensuring all employees and the corporation are aware of their rights and obligations. Benefits provided under this resolution include comprehensive medical coverage, including hospitalization, prescription drugs, specialist consultations, preventive care, and emergency services. By opting for a self-insured plan, Kings New York can tailor the coverage package to meet the unique needs and preferences of its key employees, promoting employee satisfaction and retention. Additionally, the resolution establishes specific procedures for the enrollment process, claims handling, and reimbursement methods. It also outlines the roles and responsibilities of the employees, the corporation, and any third-party administrators involved in the administration of the self-insured medical payment plan. Different types of Kings New York Corporate Resolutions Establishing a Self-insured Medical Payment Plan for Key Employees may include variations in coverage options, deductible amounts, premium contributions, and access to specialized medical services. The corporation can tailor these options to the specific needs of different employee groups based on their roles, responsibilities, and level of contribution to the organization. In conclusion, the Kings New York Corporate Resolution Establishing a Self-insured Medical Payment Plan for Key Employees provides a comprehensive framework for offering tailored healthcare benefits to the corporation's key personnel. By implementing this resolution, Kings New York aims to prioritize the well-being and satisfaction of these essential employees, ensuring they receive prompt and efficient medical care while maintaining cost control and flexibility for the corporation.Kings New York Corporate Resolution Establishing a Self-insured Medical Payment Plan for Key Employees is a comprehensive document that outlines the procedures and guidelines for implementing a self-insured medical payment plan for important personnel within the organization. This resolution serves as an official and legally binding agreement between the corporation and its key employees regarding their healthcare coverage. Keywords: Kings New York, corporate resolution, self-insured medical payment plan, key employees, healthcare coverage. This corporate resolution is designed to provide exceptional healthcare benefits to key employees of Kings New York by establishing a self-insured medical payment plan. The plan allows the corporation to directly assume the financial risk of providing healthcare benefits instead of relying on external insurance providers. By adopting this resolution, Kings New York aims to offer its key employees a high level of flexibility, personalization, and cost control concerning their medical coverage. The resolution outlines the specific terms and conditions for the self-insured medical payment plan, ensuring all employees and the corporation are aware of their rights and obligations. Benefits provided under this resolution include comprehensive medical coverage, including hospitalization, prescription drugs, specialist consultations, preventive care, and emergency services. By opting for a self-insured plan, Kings New York can tailor the coverage package to meet the unique needs and preferences of its key employees, promoting employee satisfaction and retention. Additionally, the resolution establishes specific procedures for the enrollment process, claims handling, and reimbursement methods. It also outlines the roles and responsibilities of the employees, the corporation, and any third-party administrators involved in the administration of the self-insured medical payment plan. Different types of Kings New York Corporate Resolutions Establishing a Self-insured Medical Payment Plan for Key Employees may include variations in coverage options, deductible amounts, premium contributions, and access to specialized medical services. The corporation can tailor these options to the specific needs of different employee groups based on their roles, responsibilities, and level of contribution to the organization. In conclusion, the Kings New York Corporate Resolution Establishing a Self-insured Medical Payment Plan for Key Employees provides a comprehensive framework for offering tailored healthcare benefits to the corporation's key personnel. By implementing this resolution, Kings New York aims to prioritize the well-being and satisfaction of these essential employees, ensuring they receive prompt and efficient medical care while maintaining cost control and flexibility for the corporation.
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.
