HRA

Health Reimbursement Accounts (HRAs) cut insurance costs immediately.

Employers have found that premiums for HMO and low-co pay health insurance policies increase dramatically, year after year.  The reason for this is simple: the more your insurance company has to pay out for medical care, the more it will charge you for insurance premiums.   

The solution is just as simple: get an inexpensive high deductible insurance policy to cover large or catastrophic expenses for your employees, and pay for their routine care yourself using a HRA.  Here are some of the advantages of a HRA:

-The health insurance deductible can be as low as $250, or as high as $25,000

-HRA payments are deductible for the employer and not taxable as income to the employee

-The HRA only pays for care your employees actually receive, instead of paying insurance premiums for what they might receive. 

-Accounts are funded and owned by the employer, not the employee.  Employees cannot take the accounts with them if they quit or get fired.

-You can share costs with your employees.  For example, you can have your employees pay half of their medical bills and cover the other half for them with a HRA.

To find out more about how a HRA plan can work for you, call AHR at 800-570-3757, or e-mail us at kent@ahr.net

Telephone: 800-570-3757

Fax: 630-762-1719