Compassion â Your heart health is our number one priority, and we believe the uncompromising care with a personal touch that we provide is an important part of your overall treatment plan. Convenience â Located in the heart of Bay Area Houston, The Heart & Vascular Hospital is easy to get to, with close parking to the building, as well as easy access to our Main Hospital via skywalk bridge or vehicle.
Letâs start with the basics. A âwrapâ plan document is legal document that combines and incorporates, by reference, all group insurance policies and contracts that provide welfare benefits to employees. A summary plan description (SPD) is not a wrap plan document. Most welfare benefit plans are subject to the requirements of the Employee Retirement Income Security Act (ERISA). In fact, ERISA language clearly requires that all welfare benefit plans must be established and maintained pursuant to a written document.
In some cases, Builders Risk coverage can also be provided. All contractors provide their bids excluding insurance and are covered under the one policy for the term of their operations on the project. Benefits of a Wrap Up Program Most Wrap UP programs are undertaken with the goal of achieving cost savings based on economy of scale. In today's insurance marketplace, the unavailability of insurance for many contractors working on condos, townhouses, multi-family residences, and tract homes or subdivisions is a major reason for the program.