HRA

A Section 105 Health Reimbursement Account (HRA) provides employer funded reimbursement of qualified healthcare expenses incurred by employees, their spouses and their dependents.

The pairing of a HRA with a consumer-driven health plan creates a powerful weapon against rising health care costs. A Health Reimbursement Arrangement (HRA) creates an incentive for employees to proactively control their health care spending and is a key component in employers’ long-term cost-containment strategies.

Universal Benefit Plans works with our full-service clients to design optimal HRA plan designs for each organization’s unique situation and culture.

As seasoned benefits advisors, our brokers counsel and assist clients in:

• Plan administrator selection
• Plan design and implementation
• Determination of funding arrangements
• Provision of multimedia employee communication resources
• Availability to present at meetings
• Ongoing Service and Support