5/30/2023 0 Comments Planet horse hraThe HRA covers first dollar healthcare deductible until the HRA is exhausted. Then, present employers with some common HRA plan designs: First, explain to the employer how the process works from start to finish. Since HRAs are set up and funded solely by the employer, brokers can take the lead in simplifying the entire process. HRA plan funds used by employees are tax deductible to the employer and employee. These plans pay directly for various expenses instead of through increased premiums from an insurance company. This saves employers money because of the shift to consumer-driven healthcare. HRAs-employer-paid health reimbursement plans-help employees save money by paying for different types of out-of-pocket expenses (deductibles, copays, etc.). HRA company, Clarity Benefit Solutions, shares how brokers can simplify Health Reimbursement Arrangements (HRAs) for clients.
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