Health Reimbursement Arrangements (HRAs) are a valuable and flexible tool for employers to provide health benefits to their employees. However, like many aspects of the insurance industry, there are some misconceptions about HRAs. Let’s debunk seven common myths and set the record straight. Myth 1: HRAs Don’t Qualify as a
A health reimbursement arrangement (HRA) can offset premiums and deductibles in a group health insurance plan. These savings are realized when a high-deductible health plan (HDHP) is combined with a Deductible-Gap HRA. Employers can benefit by saving money and reducing overhead with a high deductible, while the effect on employees
HRAs and HSAs are two very popular, tax-advantaged healthcare savings plans. These plans differ in several ways, including who is eligible to participate, where contributions come from, and what kind of health plans can be combined with them. Before deciding which one is better for your company, it is important
