HRA Administration from isolved Benefit Services
An isolved Benefit Services HRA can be used in conjunction with a high-deductible health plan to curb premium costs or with a Flexible Spending Account (FSA) to help cover out-of-pocket expenses.
Health Reimbursement Arrangements (HRAs) are employer-designed and employer-funded plans that reimburse employees for out-of-pocket medical expenses not covered by a health insurance plan. HRAs are a major part of the growing trend toward greater consumer health care responsibility. An isolved Benefit Services HRA can be used in conjunction with a high-deductible health plan to curb premium costs or with a Flexible Spending Account (FSA) to help cover out-of-pocket expenses. If the HRA is used to cover medical expenses, it must follow applicable rules requiring integration with a medical plan.
30 Years of Experience
With 30 years of experience comes a unique understanding of what employers need and how best to provide it. No matter what challenges you face in managing and offering benefits, we can help.
Navigating the compliance maze is a benefits administration challenge for all businesses today. The Affordable Care Act, ERISA, COBRA, FLSA and more make it incredibly difficult for employers to ensure they remain compliant and avoid costly penalties. We help small-to-midsized businesses offer competitive benefits packages, and navigate the risks.
In addition to HRA, isolved Benefit Services also offers FSA, COBRA, HSA, Transit and Parking administration, plan documents, notice mailing, premium billing, ACA Print & File and HR/Employment Legal Services. For further information and pricing, please contact our Solutions team at firstname.lastname@example.org or 800-779-6384.