Did you know that you can gain control over health care costs by giving employees more choices?
Employers can implement a Health Reimbursement Arrangement (HRA) in which they set aside a specific amount annually from which employees pay for health care expenses. The benefit? All employer contributions to the Plan are tax-deductible to the employer and tax-free to the employee.
Employers are allowed to advance claim payments to employees before the full reimbursement amount is present in their account. No need to worry about having funds available to deal with occasional spikes in employee claims. This plan makes sure account ups and downs do not get in the way of reimbursements.
For employers, HRA can generate substantial savings in overall health benefit costs and improve employee morale.
For employees, HRA means real savings, more control, more flexibility, and better service.
We offers three types of HRA Plans, each developed to fit your specific need.