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 Bernardino California Corporate Resolution Establishing a Self-insured Medical Payment Plan for Key Employees refers to the process of creating a formal agreement within a corporate entity in San Bernardino, California, to establish a self-insured medical payment plan specifically designed for key employees. A corporate resolution is a written document that outlines the decisions, actions, or policies set by a corporate entity. In San Bernardino, California, corporations may choose to establish a self-insured medical payment plan to provide healthcare coverage for their key employees. Instead of relying on traditional insurance providers, the corporation takes on the financial risk of covering medical expenses for these employees directly. This resolution emphasizes the establishment of a self-insured medical payment plan solely tailored to key employees, who typically hold vital positions within the company. Key employees are often defined as those who possess specialized skills, knowledge, or responsibilities crucial to the company's success. By implementing a self-insured medical payment plan, the corporation assumes the responsibility of covering any medical costs associated with the healthcare needs of their key employees. This approach allows the corporation more control over the healthcare benefits, potentially offering a more flexible and tailored coverage plan. It is important to note that variations of San Bernardino California Corporate Resolution Establishing a Self-insured Medical Payment Plan for Key Employees may exist depending on specific factors such as the size of the corporation, industry type, or particular company policies. Different types of resolutions may include variations in the coverage limits, eligibility criteria, or the specific medical services covered under the plan. To ensure compliance with relevant laws and regulations, corporations in San Bernardino, California, should consult legal and insurance professionals while drafting their corporate resolution. These professionals can provide necessary guidance to establish a self-insured medical payment plan that aligns with local, state, and federal regulations, ensuring the best possible coverage and protection for key employees.San Bernardino California Corporate Resolution Establishing a Self-insured Medical Payment Plan for Key Employees refers to the process of creating a formal agreement within a corporate entity in San Bernardino, California, to establish a self-insured medical payment plan specifically designed for key employees. A corporate resolution is a written document that outlines the decisions, actions, or policies set by a corporate entity. In San Bernardino, California, corporations may choose to establish a self-insured medical payment plan to provide healthcare coverage for their key employees. Instead of relying on traditional insurance providers, the corporation takes on the financial risk of covering medical expenses for these employees directly. This resolution emphasizes the establishment of a self-insured medical payment plan solely tailored to key employees, who typically hold vital positions within the company. Key employees are often defined as those who possess specialized skills, knowledge, or responsibilities crucial to the company's success. By implementing a self-insured medical payment plan, the corporation assumes the responsibility of covering any medical costs associated with the healthcare needs of their key employees. This approach allows the corporation more control over the healthcare benefits, potentially offering a more flexible and tailored coverage plan. It is important to note that variations of San Bernardino California Corporate Resolution Establishing a Self-insured Medical Payment Plan for Key Employees may exist depending on specific factors such as the size of the corporation, industry type, or particular company policies. Different types of resolutions may include variations in the coverage limits, eligibility criteria, or the specific medical services covered under the plan. To ensure compliance with relevant laws and regulations, corporations in San Bernardino, California, should consult legal and insurance professionals while drafting their corporate resolution. These professionals can provide necessary guidance to establish a self-insured medical payment plan that aligns with local, state, and federal regulations, ensuring the best possible coverage and protection for key employees.
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.
