Ways you can count on us

Beniversal™ HRA tax-free benefit plan support

We provide the following services as part of our administration of your Beniversal Health Reimbursement Account tax-free plan.

HRA Plan Installation

• Plan Design
  Our plan design specialists focus on the employer's financial objectives while assuring the Plan's delivery of quality benefits to employees. A full evaluation of current and future benefit offerings is an integral part of the design process.
• Plan Element
  Health Reimbursement Accounts (i.e. co-insurance, uninsured medical expenses)
• Legal Plan Document
  The Plan Document outlines the Plan’s operation, duration and establishment. Detailed descriptions of employee and employer rights and eligibility are contained in this legal document. Included within the Plan Document is the Record of Plan Adoption.
• Summary Plan Description
  A Summary Plan Description is given to each eligible employee explaining the terms and operation of the Plan in easy-to-read language.
• Customized Plan Highlights
  The Plan Highlights is a one-page outline of the customized features of the Plan (e.g. Plan effective date, eligibility requirements, and account allocations).

• Initial Plan Enrollment Support
  Trained representatives will conduct group and/or “one-on-one” employee meetings to coordinate and explain the Plan's implementation. Advance Plan announcement pieces, enrollment forms and an FSA enrollment presentation on CD-ROM will be provided.

Ongoing HRA Plan Support

• Health Reimbursement Account Expense Reimbursement
  Medical expense claim forms will be provided to all participants. Upon receiving the appropriate claim form and expense documentation, our administrative specialist will process reimbursement, which is accompanied by a detailed explanation of benefit statement. Participants may opt to receive reimbursement via direct deposit or check.
  
• Beniversal Card
  The Beniversal card is an electronic method for participants to access their health reimbursement account funds. Participants can use the Beniversal card to access account funds at the point of sale to pay for eligible medical expenses at approved merchants who accept MasterCard®.
  
• Employer Benefit Accounting Report(s)
  Reports will be generated monthly detailing Health Reimbursement Account activity to date. Beginning balances, reimbursements, deposits and ending balances are displayed in an easy-to-read format. A disbursement register will be provided with each claims processing listing all reimbursements for that period.

• Health Reimbursement Account Statements
  An electronic "reminder" statement is provided to all Plan participants approximately 6 to 8 weeks before the end of the Plan Year.
  
• IRS Compliance Support
  
1. Document Amendment(s)
2. Comprehensive eligibility, concentration and contributions discrimination testing
3. Employer Benefit Plan Reference Guide
• Internet Web Site Support
  The secured Internet web site of Benefit Resource is accessible 24 hours, 365 days a year for employers and Plan participants. Plan documentation, forms, reimbursement account information and much more are available on-line at the click of a mouse.
  

Optional HRA Plan Support

• Annual IRS Form 5500 Welfare Benefit Filing
  
• Printed enrollment materials (HRA worksheet, Summary Plan Description, enrollment forms)

• On-site information sessions