The Contractors HRA Trust provides an exceptional complement to any employee benefit plan. The employer has the ability to establish the level of funding to the HRA based on their fringe benefit requirement. The Contractors HRA can be used as a primary benefit or as an enhancement to an existing health insurance plan.

• Employers fund the plan with any portion of the fringe benefit amount.
   
• Employees spend the funds on any eligible healthcare expenses.
   
• The plan pays for qualified items that might not be covered by traditional health insurance plans.
   
• Administrative costs are borne by the participants.
  
   

Employer Advantages

With the Contractors HRA Trust employers may choose their own major medical plan without worrying about compliance related issues. The Contractors HRA Trust can be structured to utilize fringe benefit dollars unused by insurance premiums and pension plans.

Flexibility
Employers can choose the funding amounts and frequency of deposits.

Administrative Ease
Periodic contribution and claim reports. Full COBRA administrative support.

Compliance
Satisfies Federal and State DOL requirements as a “bona-fide” fringe benefit.

Maximized Benefit
Increased benefit options to employees and their families

Employee Advantages

Employees have control of how to spend their benefit dollars. From medical, dental, vision, dependent day care, etc. the employees choose the benefits that are valuable to them.

Ease of Use
Debit Card convenience.

Options
Employees select benefits as they choose.

Minimized Out-Of-Pocket Expense
No waiting for paper claims.

No “Use it or Lose it”
Unused funds rollover to the next plan year.

Compliance

Government contracts are very explicit on how a contractor must satisfy their fringe benefit obligations. The Contractors HRA Trust is a defined contribution benefit plan that alleviates many of the Federal and State DOL compliance concerns that are associated with offering benefit programs. With the Contractors HRA Trust the employees receive credit for the actual fringe benefit dollars that are contributed to their account — a simple, clear-cut means of compliance.

Phone (800) 572-8859 • Fax: (888) 469-1922 • Email: info@psabenefits.com
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