Wed Jun 19, 2013
Health Reimbursement Arrangements
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Large Premium Savings
Reduced Employee Costs
An HRA or Health Reimbursement Arrangement is an agreement the employer makes to reimburse plan members for a certain amount of medical expenses incurred during the year. As health care costs rise, so do health premiums. As a result, many employers have eliminated health care coverage for their employees.
Employer's often select this plan if they want to continue to provide health care coverage, but need to hold down the cost for the overall good of the business. Savings can be up to 60% over traditional coverage options using an HRA styled health insurance plan.
Health Reimbursement Arrangements:
Are federally-approved programs
An HRA offers the most flexibility for the employer. The HRA is employer-sponsored and offers many design possibilities.
With an HRA, the employer determines:
The maximum amount of annual reimbursements
To learn more on how you can save, get a health insurance quote from JLBGHealth.com or call 800.800.5735 to speak with an expert about HRA's. You have no obligation to enroll and could save thousands on your employee health insurance plan.