This Web site contains a compilation of more than a thousand consumer finance
columns written by Tony Novak from the 1980s through 2006, updated and reformatted for
maximum usefulness today. New material was added after
2010.
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Self-administered health plan
originally posted: 11/22/2006
reposted: 2/18/2011 This post has not
been recently reviewed or revised by the author and may be out of date.
If in doubt, please send a new question or ask for an update.
Q: I want Freedom Benefits to
design a Health Reimbursement Arrangement for the pastor of our Church
but we will handle the administration ourselves.
A: All of the Freedom Benefits
health plans are self-administered meaning that the employer has the
responsibility for completing all payroll, claims, tax reporting and
DOL requirements. The minimum fee of $150 includes the Plan Adviser's
help in handling all of these tasks, but you do not have to use these
services if you prefer to do it yourself. The only exception is that
the employer should not handle health claims, since this would be
illegal and create a potential legal liability. For this reason, health
plan issues should always be handled by an independent third party.
Summary
More resources:
Consumer Driven Health Plans for Small Businesses
FreedomBenefits.net
