Brochure
 Health Reimbursement Arrangement (HRA)
What is a Heath Reimbursement Arrangement (HRA)?
An HRA is a tax free arrangement set in place by an employer, with many possible variations, enabling employers to reimburse employees for qualified medical expenses.
HRA's have gained popularity in recent years because it increases awareness of costs associated with healthcare thereby creating a more cost conscience healthcare consumer.
We have a unique strategy that adds considerable value to non-profit and/or government agencies that you must hear to believe.
Finding it increasingly difficult to offer a complete benefits package to your employees due to increasing costs? An HRA and a HRA specialist could be the solution.
Before Consumer Directed Healthcare
Employers found it difficult to continue to pay the increasing healthcare costs year after year.
Escalating prices, often above 15 - 20% every year, makes it nearly impossible for employers to offer a competitive healthcare benefit.
The HRA solves these issues and presents an attractive solution- one you can measure year after year.
It's Simple
- By moving to a higher deductible plan (HDHP), a premium savings, often up to 50%, can be realized.
- The employer could agree to reimburse an amount of the increased deductible. This offsets the savings by 8-10% leaving a net savings of 30-32%.
- Employers use our web-based expense reimbursement management tool (csERM). This offsets savings by 4% leaving a net savings of 26-28%, depending upon benefits elected.
Benefits to employers:
- Lower plan premiums after changing to an HDHP.
- Creates greater employee awareness healthcare costs.
- Reimbursements are tax exempt.
- Unlimited options to plan design.
- No account funding required.
- Learn more...
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Benefits to employees:
- Reimbursements are tax exempt.
- Lower plan premiums after changing to an HDHP.
- Creates a more complete and customized medical benefits plan.
- Learn more...
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Q. Who can make contributions to an HRA?
A. Only the employer can contribute to an HRA.
Q. What type of expenses are eligible for an HRA reimbursement?
A. Reimbursements must be medically qualified according to IRS Pub 502.
Q. Do i have to have a specific type of medical plan to use an HRA?
A. No. There are no limitations as to the types of medical plans that can be offered with an HRA.
Q. What does it take to setup an HRA?
A. HRA plan design and documentation used to spell out what the plan really is.
The Concise Company Portal used to manage the HRA reimbursement workflow.
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