A Healthcare Reimbursement Account (HRA) is an employer-funded consumer-driven reimbursement. The concept is simple: you define the rules of your HRA, elect an amount to make available to each employee, and participants are reimbursed within the rules of the plan.
With health insurance premiums continuing to rise faster than inflation, many employers are choosing higher deductible health plans as a way to cut costs. To help employees cope with the higher deductibles many employers are choosing to also provide an HRA. Since all contributions are tax-deductible to the employer, an HRA helps reduce their benefits cost too.
HGI Benefits HRA Administration Includes:
- HGI Benefits Debit Card
- Complete Claims Adjudication
- Online Account Monitoring
- Unparalleled Customer Service
HGI Benefits’ HRA services can be customized to meet most any company’s needs. Our experienced and knowledgeable staff will assist you in designing the right plan for you and your employees.
To get more information, please call (800) 929-9525 or click here