HSAs can be valuable to both employees and your company. Choosing to contribute to employees’ HSAs and providing information on how to use them can help attract and retain employees.
What is an HRA Plan?
An HRA Plan is an effective and simple way for an employer to take control of employee health care benefit costs. This is a medical reimbursement plan that allows the employer to contribute tax-free dollars to designated employee accounts. These HRA dollars can be used to pay for any eligible health care expense. By offering an HRA Plan, employers will be able to lower insurance costs when the plan is combined with a higher deductible health insurance plan. Employers have the ability to fine-tune their employee benefits plan, and the administrative costs are tax deductible. We offer two plan designs: a Comprehensive HRA or Partial Self-Funded.