A Healthcare Reimbursement Arrangement (HRA) is an employer-funded account that sets money aside for medical costs that are not covered by the employer's health plan. HRAs are a powerful tool to deliver benefits to employees because they have nearly unlimited plan design flexibility. HRAs allow employers to obtain premium savings with very high deductible plans while maintaining robust coverage for employees and their families. RedQuote HRA Administration will accommodate most any plan design, including ICHRA and QSEHRA plans. Furthermore, when paired with an FSA or Commuter Benefits on the RedPass debit card, employees benefit from the simplicity provided with a one-stop provider like RedQuote.
Not only do we offer HRA Benefit Administration, but we also manage, COBRA Administration and Outreach, Commuter Benefits, HRA, QSEHRA, ICHRA, FSA, and Individual Health Insurance and Medicare benefits, as well as handling your notice mailings, premium billing and plan documentation. Whatever you're looking for, we've got you covered. Contact the RedQuote Team today for more information!