The HRA allows employers to provide employees with money to pay for health-care expenses such as deductibles, co-pays, other items insurance does not cover, or even insurance coverage costs, according to a SunGard Corbel news release. The plan interests workers because they can carry over unused funds from one year to the next while the HRA can appeal to employers because it helps to control costs while providing more employee options.
SunGard Corbel’s HRA document is available on a CD and includes:
- Basic Plan Adoption Agreement
- Summary Plan Description
- Medical Care Expense Form.
These materials may be customized for each individual
SunGard Corbel Inc., an operating unit of SunGard, provides retirement plan recordkeeping software, document generation software, retirement plan documents, government forms software, and educational seminars and services. For more information, visit SunGard Corbel’s Web site at www.sungardcorbel.com .