Individual Coverage HRA Model Attestation

Individual Coverage HRA Model Attestation is a 3-page legal document that was released by the U.S. Department of Labor - Employee Benefits Security Administration and used nation-wide.

FAQ

Q: What is the Individual Coverage HRA model attestation?
A: The Individual Coverage HRA model attestation is a form that certifies an employer's compliance with the rules and requirements of the Individual Coverage Health Reimbursement Arrangement model.

Q: What is the Individual Coverage HRA model?
A: The Individual Coverage HRA model is a type of health reimbursement arrangement that allows employers to reimburse employees for individual health insurance premiums and other medical expenses.

Q: Who needs to complete the attestation?
A: Employers who choose to offer the Individual Coverage HRA model to their employees need to complete the attestation form.

Q: What does the attestation form confirm?
A: The attestation form confirms that the employer understands and will follow the rules of the Individual Coverage HRA model, including offering the HRA to all eligible employees and providing required notices and disclosures.

Q: Is the attestation form mandatory?
A: Yes, employers who choose to offer the Individual Coverage HRA model are required to complete and submit the attestation form.

Q: What happens if an employer does not complete the attestation form?
A: Failure to complete the attestation form may result in non-compliance with the rules of the Individual Coverage HRA model and potential penalties or consequences.