INSURPAK

Incorporated companies can utilize a stand-alone HSA and have the option of adding the InsurPak plan. All employees over 15 hours/wk are required to be on the InsurPak plan... CRA requires an HSA program to form a contract of insurance between two separate legal entities. Since a Sole Proprietor is also the "employee" (one legal entity), relevant insurance components from another legal entity are required to complete the contract of insurance. The InsurPak plan adds this mandatory element of insurance to the HSA... Unplanned expenses can be a financial burden, which is why InsurPak provides premium-based insurance to cover Life, Accidental Death, Critical Illness, Travel Emergency Medical, and Excess Medical Coverage.