With rising healthcare costs, employers need real cost control solutions while still offering employees a comprehensive benefit plan. Savers Admin can help! With a Section 105 Health Reimbursement Arrangement (HRA) employers can design a health plan that reduces cost but gives employees the complete coverage they need.
An HRA can be paired with a high-deductible health plan and, unlike an employer-sponsored HSA account, the employer only contributes to the HRA when an expense is incurred. This decreases the employer’s liability but gives the employee the coverage they need when faced with costly medical procedures. Even better, the reimbursements are not taxable to the employee or the employer. And unlike the HRAs that the big insurance carriers offer, Savers Admin’s plan are customized to fit your needs…you decide what plan best supports your employees while still helping you save.
Let Savers Admin help you design an HRA that is right for you. Contact us today and take control of your benefit costs.