Faced with the rising costs of healthcare, most employers have implemented High Deductible Health Plans (HDHPs) to save money while giving their employees the power to become true consumers of their health care. A crucial component of these plans is the setup of a Health Reimbursement Account (HRA).
A Health Reimbursement Account is an employer-funded plan that reimburses employees for incurred medical expenses that are not covered by the company’s standard insurance plan. Because you as the employer fund the plan, any distributions made are considered tax deductible to your business.
Bene-Care offers flexible in-house HRA solutions that provide flexibility and control. HRAs vary greatly in design depending on what you see fit for your employees. Whether your HRA covers all or a portion of the deductible and co-pays on your healthcare plans, or is designed to only reimburse the employee for dental and vision expenses, let us help you set up a plan that fits your needs while saving you and your employees money.