Documents and Marketing Material
Important Documents
The PrepaidHealthcare MasterCard
® program is fully compliant with local and federal regulations, including
IRS, ERISA, HIPAA, COBRA, and SF HCSO. You may find the following information and downloadable documents at right helpful.
Employee Retirement Income Security Act (ERISA) Requirements
As an HRA program, PrepaidHealthcare MasterCard® qualifies as an
ERISA
plan.
PrepaidHealthcare MasterCard® is designed to be a fully compliant program providing required
Plan Documents/Summary Plan Descriptions as a result of the card ordering process.
View a sample Plan Document / Summary Plan Description.
The Plan Document describes which groups of employees are eligible, the effective date of the plan, and the
amount an employer is committing to reimburse. This document is created automatically upon completion of
the PrepaidHealthcare MasterCard® ordering process. The Plan Document is always available online
for download by employers and employees.
The Summary Plan Description details the employee's rights under the plan, primarily COBRA,
HIPAA,
Privacy, and claims dispute procedure. PrepaidHealthcare MasterCard® has built in features to provide
easy compliance with these requirements.
COBRA is an automated feature with PrepaidHealthcare MasterCard®. COBRA is only required if the employer
has 20 or more Full Time or Full Time Equivalent employees.
HIPAA Certificate of Creditable Coverage will be generated automatically upon termination or upon request.
View sample
Certificate of Creditable Coverage.
San Francisco Health Care Security Ordinance (HCSO) Regulations
The San Francisco Health Care Security Ordinance lists as an example of a compliant Health Care Expenditure (HCE)
the following:
Contributions on behalf of the covered employee to a health spending account, such as a health reimbursement
arrangement, a flexible spending account, or a health savings account.
PrepaidHealthcare MasterCard® is a qualified Health Reimbursement Arrangement/Account (HRA), and
therefore satisfies the HCSO.
For complete information regarding the San Francisco Health Care Security Ordinance, please visit the
City's website at:
http://sfgov.org/olse/hcso.