Saving money for your employees and you
HRAs are a major part of the growing trend toward greater health care consumer responsibility. With Health Reimbursement Arrangement (HRA) administration from HRAdministrators, an HRA becomes a timely, powerful resource that benefits both the employer and its plan participants. An HRA can be used in conjunction with a high deductible health plan to curb premium costs and in combination with a Flexible Spending Account or Health Savings Account to help cover out-of-pocket expenses, assuming certain rules are followed.
Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs) and Health Savings Accounts (HSA) save money for all constituencies. Having HRAdaministrators administer FSA, HRA and HSA programs saves time and keeps employers and participants in compliance with Federal regulations.
With FSA, HRA, HSA, Dental and Vision administration from Human Resource Administrators, Inc. participants receive:
Direct Deposit availability for funds reimbursement
FSA, HRA and HSA enrollment support
24 / 7 Online employee balance access and reporting
Toll-free Call Center
Debit Card which can be a combined card for HRA and FSA reimbursement
Another available service is COBRA administration. When you partner with HRAdministrators for your COBRA administration, compliance and administration expertise are ensured. We have the tools, experience, knowledge and dedication necessary to make COBRA compliance straight forward and manageable.