HRAs act like other pre-tax reimbursement accounts but the employer funds it solely. Your client can decide who can participate and what expenses from the eligible expense list will be covered. They also control the structure and the contributions of the plan. Most importantly, 100 percent of reimbursements are tax-deductible for your client. Your clients will love that their premiums will go down, and savings will go up with an HRA plan.
Our BBP Admin debit card makes waiting for a reimbursement check a thing of the past. With recent advances in card technology, using the BBP Admin Card is the easiest way for participants to use the funds in their HRA. Our online portal and mobile phone app allow for instant electronic notification of card transactions and updates, and it allows for online repayment and justification where participants can resolve transactions and instantly reactivate their card.
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