Whois & Analysis for ebcflex.com

Health Reimbursement Account is a notional derivative of a Health Reimbursement Arrangement (HRA), a type of US employer-funded health benefit plan that reimburses employees for out-of-pocket medical expenses.

Following implementation of the Affordable Care Act, the health plans must be integrated with a qualified employer-sponsored group health insurance plan to avoid excise tax penalties.

Using a Health Reimbursement Arrangement yields "tax advantages to offset health care costs" for both employees and employers.

A third-party administrator (TPA) is an organization that processes insurance claims or certain aspects of employee benefit plans for a separate entity.

This can be viewed as "outsourcing" the administration of the claims processing, since the TPA is performing a task traditionally handled by the company providing the insurance or the company itself.

Often, in the case of insurance claims, a TPA handles the claims processing for an employer that self-insures its employees.

Thus, the employer is acting as an insurance company and underwrites the risk.

The risk of loss remains with the employer, and not with the TPA.

An insurance company may also use a TPA to manage its claims processing, provider networks, utilization review, or membership functions.

While some third-party administrators may operate as units of insurance companies, they are often independent.

Employee benefits and (especially in British English) benefits in kind (also called fringe benefits, perquisites, or perks) include various types of non-wage compensation provided to employees in addition to their normal wages or salaries.

In instances where an employee exchanges (cash) wages for some other form of benefit is generally referred to as a 'salary packaging' or 'salary exchange' arrangement.

In most countries, most kinds of employee benefits are taxable to at least some degree.

A Canadian postal code is a six-character string that forms part of a postal address in Canada.

Like British and Dutch postcodes, Canada's postal codes are alphanumeric.

They are in the format A1A 1A1, where A is a letter and 1 is a digit, with a space separating the third and fourth characters.

As of September 2014, there were 855,815 postal codes using Forward Sortation Areas from A0A in Newfoundland to Y1A in the Yukon.

The Consolidated Omnibus Budget Reconciliation Act of 1985 (or COBRA) is a law passed by the U.S. Congress on a reconciliation basis and signed by President Ronald Reagan that, among other things, mandates an insurance program which gives some employees the ability to continue health insurance coverage after leaving employment.

COBRA includes amendments to the Employee Retirement Income Security Act of 1974 (ERISA).

The law deals with a great variety of subjects, such as tobacco price supports, railroads, private pension plans, emergency room treatment, disability insurance, and the postal service, but it is perhaps best known for Title X, which amends the Internal Revenue Code and the Public Health Service Act to deny income tax deductions to employers (generally those with 20 or more full-time equivalent employees) for contributions to a group health plan unless such plan meets certain continuing coverage requirements.

The violation for failing to meet those criteria was subsequently changed to an excise tax.