Wrap360 Now Offers Standalone Health FSA and HRA Plan Documents

Wrap360 now offers clients the ability to generate standalone SPDs and Plan Documents specifically for Health Flexible Spending Accounts (Health FSAs) and Health Reimbursement Accounts (HRAs). To create Health FSA or HRA SPDs and Plan Documents, simply answer the new Health FSA/HRA questions on each corresponding component benefit page, save your changes, and select "Health FSA Docs" and/or "HRA Docs" in step 2 of the "Generate Documents Options" portion of the Review and Generate page.

If you already have Health FSA/HRA SPDs and Plan Documents, these benefits can remain as component benefit plans that are incorporated into your Wrap Plan, or they may be replaced with our new documents.

Please note that these new features allow users to generate standalone Health FSA and HRA SPDs and Plan Documents. Additional documents are necessary for other types of FSAs—such as dependent care FSAs or limited purpose FSAs—to comply with the law, which may be obtained from your benefits professional, attorney, or vendor who provided the plan.