Benny Guy
May 20 2009, 08:52 PM
I want to terminate a HRA plan. There are no outstanding reimbursements to be paid. Any other steps besides notices that must be done?
vebaguru
May 21 2009, 11:36 AM
The termination should be adopted by the corporation, a timetable established for shutdown and notices provided to participants. Then the plan can be closed down. The timetable should include a final date for incurring claims and a final date for submitting them, with at least a 90 day lag.
How can you know about unpaid reimbursements? Claims may well come in of which you are currently unaware.