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.
Illinois Corporate Resolution is a legal document that outlines the establishment of a self-insured medical payment plan for key employees in a corporation based in Illinois. This resolution is crucial for outlining the procedures and guidelines for providing medical insurance coverage to key employees through a self-insured plan. The resolution ensures that the corporation adheres to all applicable Illinois laws and regulations concerning self-insured medical payment plans. Keywords: Illinois corporate resolution, self-insured, medical payment plan, key employees, legal document, procedures, guidelines, medical insurance coverage, laws, regulations. Different types of Illinois Corporate Resolution Establishing a Self-insured Medical Payment Plan for Key Employees may include: 1. Illinois Corporate Resolution for Self-insured Medical Payment Plan for Key Executives: This type of resolution specifically addresses key executives in the corporation who are eligible for the self-insured medical payment plan. It may outline additional provisions or benefits specifically tailored to these key executives. 2. Illinois Corporate Resolution for Self-insured Medical Payment Plan for Management Personnel: This type of resolution focuses on providing medical insurance coverage to management-level employees in the corporation. It may include provisions concerning the eligibility criteria, coverage levels, and any specific benefits related to their roles. 3. Illinois Corporate Resolution for Self-insured Medical Payment Plan for Key Staff: This resolution specifically addresses key staff members who play a crucial role in the corporation's operations. It outlines their eligibility for the self-insured medical payment plan and may also include provisions related to their roles and responsibilities. 4. Illinois Corporate Resolution for Self-insured Medical Payment Plan for Key Employees across Departments: This resolution covers key employees from various departments within the corporation. It aims to provide uniform medical insurance coverage for all key employees, regardless of their specific roles or positions. These variations of Illinois Corporate Resolutions are designed to cater to different categories of key employees within a corporation, ensuring that all eligible employees receive the benefits and coverage they deserve through a self-insured medical payment plan.
