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HRA
Administration



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

HRA features that benefit you:


HRA industry leader and
compliance experts


Fully integrated with all of
BASIC’s CDA services


Flexible plan designs
(Traditional, QSEHRA, ICHRA and EBHRA)

One benefit of choosing a Third Party Administrator as your HRA Administrator is the ability to change medical carriers from year to year and still offer consistent HRA administration for your employees. Plus we offer a variety of HRA plans to meet your organizations needs (simple HRAs, ICHRAs, QSEHRAs, and much more)!

Maximize Healthcare Dollars

A Health Reimbursement Arrangement (Simple HRA) remains the top choice for employers who value complete plan customization to maximize their healthcare dollars. HRAs can be paired with any type of health plan and employers determine contribution amounts and eligible expenses to best fit the specific needs of their workforce. Employees spending money from an HRA tend to consider their healthcare purchases more carefully; thus rewarding both the employer in reduced reimbursements and the employee in less out-of-pocket costs.

  • First Dollar Plans reimburse eligible out-of-pocket medical expenses, starting with the first dollar.
  • Comprehensive Plans offer design flexibility by categories of expenses for reimbursement eligibility, including co-pay, deductible, RX, coinsurance, dental, and vision. Any money left at the end of the year can be carried over to the next year, providing incentive not to use all their funds.
  • You decide if reimbursements are paid from their BASIC FSA or HRA plan first and we make sure there is no double dipping.

BASIC CDA makes the most of your employer sponsored benefit plan

BASIC Consumer Driven Accounts (CDA)

A cutting edge integrated system allowing employers and participants to manage all their benefit plans with one card, one website, and one mobile app.

  • Employers can choose to enrich their benefits package with a wide range of healthcare benefit accounts like FSA, Simple HRA, ICHRA, QSEHRA, HSA, Wellness Accounts and much more!
  • Combine with a variety of available benefit accounts such as Dependent Care, Commuter, Wellness Rewards, Employee Crisis, and Education Reimbursement.


BASIC Card

All participant benefit accounts and MyCash account are linked to a single card.

  • Proprietary smart card technology withdraws funds from the appropriate account(s) based on plan design and expense eligibility.
  • The BASIC Card can be used anywhere Mastercard is accepted.
  • Learn more about the BASIC Card.


BASIC Benefits App

With a single app, participants can manage all their BASIC benefit accounts.

  • Participants can request and submit manual reimbursements or select Picture to Pay provider.
  • Check expense eligibility anytime, anywhere.
  • Lock or unlock the BASIC card if lost, stolen, or found.
  • Learn more about the BASIC benefits app.


MyCash

MyCash is an unrestricted post-tax reimbursement account linked to participants’ BASIC Cards.

  • Reimbursements are deposited directly into the participants’ MyCash accounts.
  • MyCash enables the fastest reimbursement time possible. Faster than check or direct deposit!
  • Participants can use their BASIC Card to access MyCash funds or they can be transferred to another bank account.
  • Learn more about the MyCash account.

Picture to Pay

In three quick steps, participants can have BASIC pay healthcare providers directly on their behalf with our “Picture to Pay” feature. No paper, no postage, and no hassle for the participant. All with no additional fees for employers!

  1. Participants take a picture of the provider’s bill
  2. Submit the photo to the BASIC Benefits app
  3. BASIC pays the provider from the appropriate benefit account

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 Arrangement

Traditional HRA

A Health Reimbursement Arrangement (HRA) must be funded solely by an employer. The contribution can’t be paid through a voluntary salary reduction agreement on the part of an employee. Employees are reimbursed tax free for qualified medical expenses up to a maximum dollar amount for a coverage period. An HRA may be offered with other health plans, including FSAs.

Employers have complete flexibility to offer various combinations of benefits in designing their plan.

Additional Types of HRAs

QSEHRA (Qualified Small Employer)

  • An employer with fewer 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 2021 are $5,300 for individuals and $10,700 for families

ICHRA (Individual Coverage)

  • ICHRAs allow employers to reimburse employees for substantiated individual insurance or Medicare policies
  • No reimbursement limit
  • Employers may not offer a choice between an ICHRA and a traditional group health plan
  • Employers must offer the same ICHRA terms to all employees within a class of employees
  • ICHRA coverage can make someone ineligible for a premium tax credit; therefore participants may opt-out

EBHRA (Excepted Benefit)

  • Must offer major medical coverage
  • $1,800 annual limit for 2020 (indexed annually)
  • Can reimburse dental, vision, and STLDI premiums and out-of-pocket medical expenses, but doesn’t have to offer both
  • Cannot be used to pay premiums for individual health coverage, Medicare, or non-COBRA group
  • Must make available to all similarly situated employees
  • Cannot offer both an ICHRA and an EBHRA to the same person

HRA Resources

IRS Regulations
BASIC HRA Brochure
BASIC ICHRA
BASIC QSEHRA
HRA Comparison Chart

HRA News

are face masks fsa eligible

Are Face Masks FSA Eligible? Yes, PPE Now Reimbursable

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April 13, 2021
Read more
#Benefits #Compliance #HRA #HSA #IRS #IRS Regulations
https://www.basiconline.com/wp-content/uploads/2021/04/business-people-greeting-during-covid19-pandemic-elbow-bump-picture-id1220174622.jpg 512 1024 Simon Carlson https://www.basiconline.com/wp-content/uploads/2019/03/BASIC-online-logo.png Simon Carlson2021-04-13 12:24:452021-04-13 12:24:45Are Face Masks FSA Eligible? Yes, PPE Now Reimbursable
basic cda

Important Tools & Resources For BASIC CDA Clients

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February 22, 2021
BASIC CDA The BASIC Consumer Driven Accounts (CDA) system is…
Read more
#BASIC HR Solutions #Benefits CDA
https://www.basiconline.com/wp-content/uploads/2021/02/omni-channel-technology-of-online-retail-business-picture-id1190949479.jpg 628 1200 Simon Carlson https://www.basiconline.com/wp-content/uploads/2019/03/BASIC-online-logo.png Simon Carlson2021-02-22 11:09:522021-02-25 11:51:46Important Tools & Resources For BASIC CDA Clients
pcori

PCORI Fees Guide for Employers With Self-Funded HRA Plans

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June 22, 2020
PCORI Fees BASIC is offering this alert about upcoming fees…
Read more
#Benefits #HRA #PCORI
https://www.basiconline.com/wp-content/uploads/2020/06/japanese-man-calculating-financial-bills-at-home-picture-id1168618923-1.jpg 682 1024 Simon Carlson https://www.basiconline.com/wp-content/uploads/2019/03/BASIC-online-logo.png Simon Carlson2020-06-22 09:26:162020-06-30 10:00:15PCORI Fees Guide for Employers With Self-Funded HRA Plans

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