Health Reimbursement Arrangement

Your organization is unique, your benefit plan should be too.

A health reimbursement arrangement (HRA) is an employer-funded benefit plan where employees are reimbursed, tax-free, for qualified medical expenses up to a fixed dollar amount per year. An HRA allows you to design a benefit plan that complements your health insurance plan by covering your employee’s out-of-pocket health care costs.

Flexible Design Options

An HRA offers flexible design options so you can customize each part of your plan, including:

• Who the benefit is for
• What the benefit will cover
• When participants have access to the benefits
• How the coverage will be broken down

Plan Design Examples

At EBC, we’ve helped employers design thousands of plans to meet their organization’s specific needs. Let’s take a look at a couple example HRAs that we have designed for employers in the past.

Compatible with HSAs and FSAs

Employers who are interested in enriching their benefits program can design their HRA so that it’s compatible with a health savings account (HSA) and/or health care flexible spending account (FSA). Offering an HRA with an HSA and/or FSA can help participants maximize their savings.

Electronic Data Interchange Options

Set your HRA on auto drive with electronic data interchange (EDI). We have connections with preferred carriers to transfer eligibility data (which reduces the employer’s administration work) and to transfer claim data (which supports an excellent customer experience for participants who do not need to manually submit claims).

Participant Experience

An HRA is a great benefit for participants because it’s fully funded by the employer, and it helps cover out-of-pocket health costs that are not covered by the employer’s insurance plan.

Participants can easily manage their account all day, every day with our online account and mobile app, EBC Mobile. In their online account, participants can view their balance, submit claims for reimbursement, view recent claims from a carrier file feed, and more.