Health Reimbursement Accounts
Health reimbursement arrangements, also known as “health reimbursement accounts,” allow the employer to reimburse employees for qualified out-of-pocket medical expenses.
HRA’s are funded by employer dollars. The employer decides the parameters of the reimbursement plan. HRA’s are particularly appealing as they can be structured around your company’s medical plan to meet your participant’s needs. Employers may choose to allow HRA reimbursements for all or a percentage of certain substantiated expenses, such as:
- Deductible Costs
- Coinsurance Costs
- Co-Payments
- Prescription medications
- Dental Services
- Vision Services
- And more!
AdminUSA, along with your trusted broker relationship, will work closely with your company to help establish your HRA and adjudicate all reimbursement claims. You do not have to change your insurance carrier to see a significant increase to your company’s bottom line.
