Guest kevkor Posted January 5, 2006 Posted January 5, 2006 I'm new to the not-for-profit world and the ORMDD Health Initative is a little confusing. While we have come up with a plan and identified our employees, we are going to fund the HRA periodically, most likely monthly. We are funding monthly to account for changes in employee eligibility and so we do not have to fund the HRA up front. This poses an administration challenge, plus notification to our HRA administrator regarding changes, on a timely basis, may also be challenging. Out of 1500+/- employees we have about 1100+/- eligible for these funds. What are others doing regarding this?
leevena Posted January 5, 2006 Posted January 5, 2006 There are a variety of things you can do, but my suggestion is that you try and strike a balance between what you maximum liability will be and what the expected liability will be. The expected liability for a group your size should not be too difficult to determine. This will give you a good probability the cost/funding needed. I don't quite understand your question about funding monthly and the problem it presents. You choose the timing, inform the participants, internal staff, administrators, etc., and it should run. Am I missing something here?
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