Health Reimbursement Arrangement (HRA) Solutions Brief

    Health Reimbursement Arrangement (HRA) Solutions Brief 2018-03-01T02:16:32+00:00

    Project Description

    Health Reimbursement Arrangement (HRA) Solutions from ConnectYourCare

    Our flexible HRA solutions help employers manage rising health costs and offer maximum control over spending. They offer superior account technology paired with a focus on providing a solution customized to meet your company’s unique needs.

    Our Health Reimbursement Arrangement Solutions are easy to understand, simple to use, and loaded with benefits, including:

    • General HRA, covers all IRS approved expenses
    • HRA for Prescription and Medical Expenses, covers only medical and prescription expenses
    • HRA for Medical Expenses, covers only medical expenses
    • First Dollar Coverage HRA, funds available on Day 1 of plan year
    • Member Pay First HRA, participant must meet an initial deductible (e.g., $500) prior to having access to HRA funds
    • Limited Purpose HRA, restricted to dental and vision expenses, typical for HRAs coupled with an HSA
    • Retirement HRA, restricted to post-retirement benefits, the HRA remains dormant (or inactive) until the participant becomes eligible
    • Suspended HRA, account is dormant until the participant meets a specific criterion or set of criteria
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