Health Reimbursement Arrangements

Maximize your employees' engagement in health care costs.

Health Reimbursement Arrangements (HRA)

A Health Reimbursement Arrangement (HRA) is a tax-advantaged account to which employers make contributions to help their employees cover their health care costs. Contributions to this account are not taxed, and employees can use their HRA to pay for any qualified medical expense for themselves or their spouse or dependents as defined in your plan.

Our HRA solution offers account management and claims processing technology paired with a focus on providing a solution customized to meet your unique design requirements. We support multiple HRA plan design options, and we will work with you to set up your HRA to ensure administrative ease and maximize employee engagement.

HRA plan design options:

  • General HRA covers all IRS-approved expenses for prescription and medical expenses
  • Limited Purpose HRA is usually restricted to dental and vision expenses, typical for HRAs coupled with an HSA
  • Retirement HRA is restricted to post-retirement benefits and the HRA remains dormant (or inactive) until the member becomes eligible

Support for Multiple Plan Design Options

We offer a robust engine that supports flexibility and employer account design, including:

  • All covered expenses – Section 213(d), medical and Rx, medical only
  • Stacking with primary deductible (out-of-pocket expenses)
  • Stacking of accounts by expense type
  • Claims processing according to plan design

How does multi-pursing or stacking work?

We provide the ability to stack multiple accounts on a single debit card. What does this mean? If a member elects an HSA or HRA, employers can also offer an FSA alongside. Our debit card, claims processing engine and website recognize the accounts in which a member is enrolled. We then dynamically present each account type on the website, program our claims rules process to recognize each account and program our debit card to allow for multiple accounts. So, for example, when a member goes to the dentist and they have an HSA and a limited purpose FSA, the debit card and the claims engine will intelligently route dental claims to the limited purpose FSA first and the HSA second.

HRA Features

  • Flexible and robust plan design engine
  • Quick and easy online claims submission for payments and reimbursements
  • Access to historical HRA information
  • Intelligent multi-purse BenefitWallet Visa debit card
  • HRA eligible expense lists matched to employer design
  • Online employer reporting
  • Specialized communication materials
  • Mobile app features including:
    • View account balances and transaction history
    • View account alerts and claim details
    • Submit a new claim
    • Upload photo images of claim documentation
    • View a smart list of only claims that require your action

To learn more about our Health Reimbursement Arrangements, please contact us.