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.
Mecklenburg North Carolina Corporate Resolution Establishing a Self-insured Medical Payment Plan for Key Employees In Mecklenburg County, North Carolina, corporations have the option to establish a self-insured medical payment plan for their key employees. This corporate resolution is designed to provide comprehensive healthcare coverage specifically tailored to meet the needs of key personnel within the organization. By opting for a self-insured medical payment plan, the company assumes the financial risk of providing healthcare benefits directly to its key employees rather than relying on traditional insurance providers. Key employees, often considered vital to the success of the organization, play significant roles in decision-making and contribute directly to the company's strategic objectives. Recognizing their importance, Mecklenburg corporations can establish a resolution that specifically focuses on providing enhanced healthcare benefits to these individuals. This resolution allows employers to have greater control over the healthcare offerings, ensuring that key employees receive the necessary medical coverage and treatment options required to maintain their wellbeing and productivity. The types of Mecklenburg North Carolina Corporate Resolution Establishing a Self-insured Medical Payment Plans for Key Employees may vary, depending on the specific needs and preferences of each corporation. Some key variations or addendums may include: 1. Executive-Level Medical Payment Plan: This type of corporate resolution establishes a comprehensive, self-insured medical payment plan exclusively for top-tier executives, including CEOs, presidents, and other high-ranking officials within the organization. This plan may include additional benefits, such as access to specialized medical facilities, personalized healthcare concierge services, and comprehensive preventive care. 2. Leadership Team Medical Payment Plan: This resolution pertains to a broader category of key employees, encompassing senior management and other individuals holding critical leadership positions. This plan may offer an extensive range of medical services, including specialized treatments and access to a network of renowned medical professionals. 3. Specialized Industry Key Employee Medical Payment Plan: Mecklenburg corporations operating in specific industries may establish tailored resolutions that address the distinct healthcare needs of key employees within that field. For instance, a technology company may create a resolution focusing on providing comprehensive coverage for IT professionals, addressing any specific health concerns or necessary treatments unique to the technology sector. It is important to note that the content and specifications of each Mecklenburg Executive Resolution will differ as they are customized to meet the specific requirements of the corporation and the key employees being covered. By establishing a self-insured medical payment plan, companies in Mecklenburg County take proactive measures to prioritize the health and wellbeing of their key personnel, fostering loyalty, and ensuring optimal performance within the organization.Mecklenburg North Carolina Corporate Resolution Establishing a Self-insured Medical Payment Plan for Key Employees In Mecklenburg County, North Carolina, corporations have the option to establish a self-insured medical payment plan for their key employees. This corporate resolution is designed to provide comprehensive healthcare coverage specifically tailored to meet the needs of key personnel within the organization. By opting for a self-insured medical payment plan, the company assumes the financial risk of providing healthcare benefits directly to its key employees rather than relying on traditional insurance providers. Key employees, often considered vital to the success of the organization, play significant roles in decision-making and contribute directly to the company's strategic objectives. Recognizing their importance, Mecklenburg corporations can establish a resolution that specifically focuses on providing enhanced healthcare benefits to these individuals. This resolution allows employers to have greater control over the healthcare offerings, ensuring that key employees receive the necessary medical coverage and treatment options required to maintain their wellbeing and productivity. The types of Mecklenburg North Carolina Corporate Resolution Establishing a Self-insured Medical Payment Plans for Key Employees may vary, depending on the specific needs and preferences of each corporation. Some key variations or addendums may include: 1. Executive-Level Medical Payment Plan: This type of corporate resolution establishes a comprehensive, self-insured medical payment plan exclusively for top-tier executives, including CEOs, presidents, and other high-ranking officials within the organization. This plan may include additional benefits, such as access to specialized medical facilities, personalized healthcare concierge services, and comprehensive preventive care. 2. Leadership Team Medical Payment Plan: This resolution pertains to a broader category of key employees, encompassing senior management and other individuals holding critical leadership positions. This plan may offer an extensive range of medical services, including specialized treatments and access to a network of renowned medical professionals. 3. Specialized Industry Key Employee Medical Payment Plan: Mecklenburg corporations operating in specific industries may establish tailored resolutions that address the distinct healthcare needs of key employees within that field. For instance, a technology company may create a resolution focusing on providing comprehensive coverage for IT professionals, addressing any specific health concerns or necessary treatments unique to the technology sector. It is important to note that the content and specifications of each Mecklenburg Executive Resolution will differ as they are customized to meet the specific requirements of the corporation and the key employees being covered. By establishing a self-insured medical payment plan, companies in Mecklenburg County take proactive measures to prioritize the health and wellbeing of their key personnel, fostering loyalty, and ensuring optimal performance within the organization.
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.
