HRA
Administration

Expert HRA plan designs, administrative flexibility, and high quality administration

Features that benefit you:

Industry leader

Fully integrate with BASIC Flex

Flexible Plan Designs

QSEHRA (Small Employer HRA)

Plan design consultation

Plan documents, SPD, and Non-discrimination testing

One benefit of choosing a Third Party Administrator for your HRA is the ability to change medical carriers from year to year and still offer continuity of HRA administration for your employees.

Plan Flexibility

Front end deductibles
Carry-overs (this can provide an incentive for the employee not to spend it all)
Roll-over
Rx or dental only
Section 213(d) expenses
Pre-fund or prorate deposits

Dedicated Account Managers

Every client receives a dedicated account manager. All of our account managers are well versed in Health Reimbursement Accounts and certified in employee benefit administration by IFEBP.

What is an HRA?

Health Reimbursement Arrangements (HRA) are a versatile benefit sponsored by employers. Plans can vary dramatically to meet the unique needs of each employer.

Medical HRA:

Paid for solely by the employer and not provided pursuant to salary reduction election or otherwise under a § 125 cafeteria plan
Co-payments and coinsurance
Prescriptions
Dental or vision expenses

QSEHRA (Qualifed Small Employer)

An employer with less than 50 full time employees and does not offer a group health plan to any employees
The Small Employer HRA must be provided on the same terms to all eligible employees. However, the Cures Act allows benefits under the HRA to vary based on family size in order to help with varying health insurance plan costs
The maximum contributions for 2018 are $5,050 for individuals and $10,250 for families

Employees spending money from an HRA tend to consider their health care purchases more carefully. This rewards both the employer in reduced HRA reimbursement and the employee in less out-of-pocket costs.

Provide a rich benefit plan with a leading HRA administrator, request a proposal today!