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The HRA Strategy
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1.The
employer sets aside a specific amount of money for
employees to pay for health care expenses.
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2.Employers
switch to less costly, higher deductible health insurance.
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3.Employees
are reimbursed for the out-of-pocket expense through by
their employer.
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4.Any unused
funds are carried forward to future years.
Attractive
to Employees
nAll
contributions to the plan are received tax-free.
n Employees
have control over their health care choices.
n Unused
dollars can be carried over from year to year.
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"A high
deductible insurance plan and an HRA are a logical choice for
employers who are willing to assume a little more risk in exchange
for significant premium savings"
ALLTIMES HRA
Service Performs (AHS)
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Timely Reimbursements – requests and
checks are processed daily.
n Reporting
of Accounts – An account report is printed on each
reimbursement check.
n Superior
Funding – As the TPA, AHS fronts the reimbursement funds – not
the employer.
n Compliance
– AHS maintains the Plan Document, distributes the SPD and
performs adjudication.
For more information
call us
(508) 384-7900 Ext
22
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