L - M - N - O - P - Q - R - S - T - U - V - W
Payroll Glossary - H
HCE: Highly Compensated Employee.
Health Insurance Portability and Accountability Act (HIPAA): Law passed in 1996 restricting group health plans from limiting participation by new employees and their dependents because of preexisting medical conditions.
Health Reimbursement Arrangement (HRA): An employer-funded plan where the employer reimburses employees and the employee's dependents for medical care expenses up to a maximum dollar amount for the coverage period.
Health Savings Account (HSA): Tax-exempt trusts or custodial accounts created exclusively to pay for the qualified medical expenses of the account holder (e.g., employee) and his or her spouse and dependents. Requires a high deductable insurance plan also be purchased.
Highly Compensated Employee (HCE): In concerning certain fringe benefit plans, an employee who is an owner/officer of a business or whose salary exceeds a certain amount (indexed for inflation). Many benefits offered by employers do not qualify for favorable tax treatment if they discriminate in favor of HCE's. Employers may also be restricted in the use of "Safe Harbor Valuation" for such benefits provided to such employees.
HIPAA: Health Insurance Portability and Accountability Act.
Housing Allowance: Payment made to a US citizen or resident alien working in a foreign country to compensate for the additional expense of maintaining reasonable living quarters abroad.