05/14/2014
Michael Schwitzer – Account Executive
Mel Grau – Marketing Coordinator
Are HRAs right for you?
Sound Check
What is an HRA?
An HRA Defined
• Health Reimbursement Account
• Helps offset costs of High Deductible
Health Plans
• Employers specify whi...
Why would someone
want an HRA?
HRA Advantages
Flexibility High
Employer
Control High
Non-Portable
Unused Funds
Retained by
Employer
HRA Disadvantages
Employees cannot
contribute to the
Account
Typically less
consumerism than
an HSA
More legal
compliance
...
How does funding
work with an HRA?
HRA Funding
• 100% Employer Funded
• Money belongs to the Employer
– Non-portable
– No Employee Cash Out
• Carry-over of f...
What else should
people remember
about HRAs?
Other facts about HRAs
• The Employer chooses when the HRA pays for
medical services
• Timing of annual contributions also...
Questions?
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Are HRAs right for you?

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In less time than it takes to finish a cup of coffee, find out if health reimbursement accounts (HRAs) could work for your business. WEA Trust covers the definition, advantages, disadvantages and can't-miss facts about this popular health benefit option.

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Are HRAs right for you?

  1. 1. 05/14/2014 Michael Schwitzer – Account Executive Mel Grau – Marketing Coordinator Are HRAs right for you?
  2. 2. Sound Check
  3. 3. What is an HRA?
  4. 4. An HRA Defined • Health Reimbursement Account • Helps offset costs of High Deductible Health Plans • Employers specify which medical expenses and HRA pays for
  5. 5. Why would someone want an HRA?
  6. 6. HRA Advantages Flexibility High Employer Control High Non-Portable Unused Funds Retained by Employer
  7. 7. HRA Disadvantages Employees cannot contribute to the Account Typically less consumerism than an HSA More legal compliance [ERISA, COBRA, etc ] HRA vendor is required.
  8. 8. How does funding work with an HRA?
  9. 9. HRA Funding • 100% Employer Funded • Money belongs to the Employer – Non-portable – No Employee Cash Out • Carry-over of funds determined by Employer
  10. 10. What else should people remember about HRAs?
  11. 11. Other facts about HRAs • The Employer chooses when the HRA pays for medical services • Timing of annual contributions also determined by Employer • Medical expenses that are reimbursed can be limited • HRAs are administered by a TPA, which carries additional costs (typically pm/pm)
  12. 12. Questions?

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