Health Reimbursement Arrangement (One Person & QSEHRA)

$395.00

One Person HRA Plan 

HRAs are Medical Expense Reimbursement Plans that allow you to save substantial tax dollars on insurance premiums and out-of-pocket medical expenses not covered by insurance. HRA One-Person Plans are designed specifically for smaller churches with one qualifying employee.

Establish a Section 105 HRA through Clergy Financial Resources and reimburse individual insurance premium and out-of-pocket medical, dental, and vision expenses and save thousands of tax dollars you couldn’t deduct otherwise.

QSEHRA Plans (with less than 50 employees without group health insurance)

If your church (with less than 50 employees) does not offer a group health plan to any of your employees, then you can set up a QSEHRA plan to offer pre-tax benefits for insurance premiums and health expenses to all eligible employees.

The maximum 2023 individual amount is $5,850, and the maximum for an employee and family contribution is $11,850. The annual maximum must be prorated for employees who are not working a full year, meaning if someone starts mid-year you cannot bump up their monthly contribution amounts to allow them to receive the full yearly amount. The cost of the QSEHRA benefit must be entirely covered by the church.

Standard HRA (employers that provide group health insurance)

With an HRA plan in place, the employer can fund an account that reimburses the employee for qualified medical expenses, such as co-pays, deductibles, vision care, prescriptions, long-term care, medical insurance, chiropractic care, and most dental expenses. Over-the-counter drugs that are medically necessary may also be reimbursed by an HRA Plan, depending on the plan limits set by the employer. Reimbursements that come from the HRA are not taxed to the employee and have the added benefit of being tax-deductible for the employer. In this manner, both the employer and employee benefit; the employer in reduced insurance costs and the employee in a better benefits package.

Here’s what will happen next: 

Step 1: Complete the enrollment form below

Step 2: A benefit plan advisor will review your questionnaire for completeness. 

Step 3: Schedule an Appointment to finalize your plan.  Once the review is complete, we’ll prepare your Plan Document, SPD, Forms, helpful guides, and easy-to-follow signing instructions.

Options

Type of HRA Plan *

Effective Date: *

Waiting Period *

Benefit Limits *

Choose your Benefits *

Please designate the annual limit on expenses to be reimbursed: *

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Description

HRA plan includes:

  • Resolution to Adopt a Plan- Includes minutes of the meeting to adopt the HRA Plan as an employee benefit.
  • Plan Document – Plan Documents are personally prepared for each church and kept on file for review for IRS, etc. 
  • HRA Summary Plan Description (SPD) – Explains the Plan Purpose, Who is Eligible, How To Enroll, etc. in easy to read language. Also includes all information required by the Internal Revenue regarding the Plan Year Start and End Dates, Agent for Legal Service, Fed. ID#, and information regarding COBRA, FMLA, and required DOL information.
  • Election and Claim Form – Personalized for your church, it will include the Election Agreement and Claim Form to submit bills to the church for reimbursement.
  • Administrative Handbook – Includes sections on  Administration, Non-Discrimination Testing, and Reporting and Disclosure information. .

 

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