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.
San Antonio, Texas Corporate Resolution Establishing a Self-insured Medical Payment Plan for Key Employees Keywords: San Antonio, Texas, Corporate Resolution, Self-insured Medical Payment Plan, Key Employees Description: A Corporate Resolution is a legal document adopted by a corporation's board of directors or shareholders. In the context of San Antonio, Texas, a Corporate Resolution is used to establish a self-insured medical payment plan designed specifically for key employees of a company. A self-insured medical payment plan is an alternative to traditional health insurance offered by employers. Rather than contracting with an insurance company to provide healthcare coverage, the company takes on the financial risk and responsibility of providing healthcare benefits directly to its key employees. By adopting a Corporate Resolution, the company formally establishes this self-insured medical payment plan for its key employees residing in San Antonio, Texas. This resolution outlines the terms, conditions, and objectives of the plan, ensuring clarity and alignment among the key stakeholders involved. Key employees are typically individuals who hold crucial positions within the organization and contribute significantly to its success. They may include top executives, senior managers, directors, or other vital personnel. This plan is specifically designed to offer comprehensive and customized healthcare benefits to these key employees, recognizing their essential role in the company's operations. The San Antonio, Texas Corporate Resolution Establishing a Self-insured Medical Payment Plan for Key Employees may have different variations based on specific needs or requirements of the company. These variations may include: 1. Executive Key Employee Resolution: This resolution focuses on providing comprehensive healthcare benefits exclusively for top-tier executives or C-suite level employees in the company. It may encompass specialized healthcare services and enhanced coverage options tailored to meet the unique needs of high-ranking executives. 2. Director Key Employee Resolution: This resolution targets directors and board members of the company, offering them specialized healthcare benefits as part of their compensation package. Directors often play a critical role in decision-making and governance, making their health and well-being a high priority for the company. 3. Senior Manager Key Employee Resolution: This resolution addresses the healthcare needs of senior managers who hold significant responsibilities within the organization. It may include provisions for additional wellness programs or preventive care services to ensure the continued productivity and well-being of these key employees. Overall, the San Antonio, Texas Corporate Resolution Establishing a Self-insured Medical Payment Plan for Key Employees represents a strategic initiative by a company to provide comprehensive healthcare coverage directly to its vital personnel. This plan can help attract and retain top talent, enhance employee satisfaction, and ensure the well-being of key employees in the San Antonio, Texas area.San Antonio, Texas Corporate Resolution Establishing a Self-insured Medical Payment Plan for Key Employees Keywords: San Antonio, Texas, Corporate Resolution, Self-insured Medical Payment Plan, Key Employees Description: A Corporate Resolution is a legal document adopted by a corporation's board of directors or shareholders. In the context of San Antonio, Texas, a Corporate Resolution is used to establish a self-insured medical payment plan designed specifically for key employees of a company. A self-insured medical payment plan is an alternative to traditional health insurance offered by employers. Rather than contracting with an insurance company to provide healthcare coverage, the company takes on the financial risk and responsibility of providing healthcare benefits directly to its key employees. By adopting a Corporate Resolution, the company formally establishes this self-insured medical payment plan for its key employees residing in San Antonio, Texas. This resolution outlines the terms, conditions, and objectives of the plan, ensuring clarity and alignment among the key stakeholders involved. Key employees are typically individuals who hold crucial positions within the organization and contribute significantly to its success. They may include top executives, senior managers, directors, or other vital personnel. This plan is specifically designed to offer comprehensive and customized healthcare benefits to these key employees, recognizing their essential role in the company's operations. The San Antonio, Texas Corporate Resolution Establishing a Self-insured Medical Payment Plan for Key Employees may have different variations based on specific needs or requirements of the company. These variations may include: 1. Executive Key Employee Resolution: This resolution focuses on providing comprehensive healthcare benefits exclusively for top-tier executives or C-suite level employees in the company. It may encompass specialized healthcare services and enhanced coverage options tailored to meet the unique needs of high-ranking executives. 2. Director Key Employee Resolution: This resolution targets directors and board members of the company, offering them specialized healthcare benefits as part of their compensation package. Directors often play a critical role in decision-making and governance, making their health and well-being a high priority for the company. 3. Senior Manager Key Employee Resolution: This resolution addresses the healthcare needs of senior managers who hold significant responsibilities within the organization. It may include provisions for additional wellness programs or preventive care services to ensure the continued productivity and well-being of these key employees. Overall, the San Antonio, Texas Corporate Resolution Establishing a Self-insured Medical Payment Plan for Key Employees represents a strategic initiative by a company to provide comprehensive healthcare coverage directly to its vital personnel. This plan can help attract and retain top talent, enhance employee satisfaction, and ensure the well-being of key employees in the San Antonio, Texas area.
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.
