Health Reimbursement Arrangement – HRA
Healthcare is more important than ever, and employers always seek new ways to provide their employees with the best possible benefits. One solution gaining popularity is the Health Reimbursement Arrangement or HRA.
What is a Health Reimbursement Arrangement?
An HRA is a type of employer-funded health benefit plan that reimburses employees for qualified medical expenses. It is flexible and can be tailored to meet the specific needs of both employers and employees.
What expenses does an HRA cover?
How would an employee pay for a $1,000 Dental Bill?
An HRA can be a win-win for employers and employees, offering affordable healthcare options, greater control over healthcare spending, more personalized benefits, and can be funded with Prevailing Wage fringe dollars! Consider offering an HRA as part of your overall benefits package and see the positive impact it can have on your organization and staff.
Contact the Beneco team to see if an HRA is a fit for your company.
Download or print our handout about HRAs