Does it help a company to set up an HRA?
Health Reimbursement Accounts (HRAs) are usually offered in conjunction with an High Deductible Health Plan (HDHP). Usually an HDHP will result in reduced premium costs, which creates real savings on healthcare costs for the employer. HRA contributions can be funded using the savings gained from the lower premium costs. Most importantly, all employer contributions to […]
Health Reimbursement Accounts (HRAs) are usually offered in conjunction with an High Deductible Health Plan (HDHP). Usually an HDHP will result in reduced premium costs, which creates real savings on healthcare costs for the employer. HRA contributions can be funded using the savings gained from the lower premium costs. Most importantly, all employer contributions to the plan are 100% tax deductible to the employer and tax-free to the employee.
