Prong #3 – HRA's

HRAs Allow Employers to Control Cost

HRAs serve as an agreement by the employer to reimburse employees for a portion of their "qualified" medical expenses. Traditionally, this is done by covering a portion of their deductible.

How to Fund HRAs

That's where we come in. Black Ink Benefits will analyze your current numbers and return back to you a customized benefit plan incorporating the HRAs that will save you money. You will see that the economic impact to your bottom line using HRA's is immediate and dramatic.

Employees Like HRAs

Employees can withdraw monies tax-free for "qualified" medical expenses. Employers can choose to allow the HRA money to roll over from year to year, thus accumulating money for a "rainy day" healthcare fund. This helps with employee retention/turnover. There is no "use it, or lose it" mentality, as with FSAs. Black Ink Benefits can assist you with incorporating an HRA into your healthcare plan and make a seamless transition with your employees.

HRA Points to Consider

Is a "promise to pay", not a funded trust account; thus, the money committed is a notational entry that is not booked as a liability.
Changes the behavior of your employees.
Employer determines what expenses are applicable.
Employee perceives this as a "sacred" savings account.

HRAs are the future of health insurance!

Sound complicated? That's where we come in. Call us at 1-888-298-9845 and we will answer any questions you may have.

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