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HRA Case Study

Employer X currently has 8 employees receiving health insurance with premiums totaling $39,587 and deductibles of $0.

By simply changing plans to a deductible of $1,000 per individual and $2,000 per family, a premium savings of $15,348 is realized.

Gross Savings = $15,348

Employer X then gives employees HRA reimbursements of $5,086 to pay for the increased deductible and copays. Employer X has effectively reduced costs by 26% or $10,262.

Offset to Savings = $5,086

Each employees could receive an average HRA reimbursement of $636 and copays are eliminated. The reimbursement is an averaged figure because all employees do not use the same amount of healthcare services. This key factor provides for potential greater savings.

Never pay for healthcare services before they are used.

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