Health Reimbursement Arrangement (HRA)

HRAs are employer-sponsored benefit plans that allow you to set aside pre-taxed income to help pay for medical expenses that can happen throughout the year.

Health Reimbursement Arrangement (HRA)

Let’s take a look inside

The HRA gives employees more health coverage choices while at the same time decreasing employer cost. We assist in designing a plan to fit employer business goals, and it can be attached to the health plan or used for retirement. Employers finance 100% of the HRA and the contribution is entirely tax-deductible. The employee benefits from the non-taxable reimbursements that provide a bridge between out-of-pocket expenses and insurance coverage.

The Plan Design is Flexible
Employers identify

  • Contribution amounts and terms (lump sum or incremental)
  • Covered items (may include non-payroll deducted premiums such as long-term care insurance)
  • Carry-over possibilities (for future medical expenses, COBRA premiums, retiree health coverage)
  • Reimbursement schedules

Our Technology Empowers

  • Multiple plans on the same Prepaid Benefits Card
  • Secure online real-time reports
  • Online claims submission and easy to navigate website
  • Chard Snyder mobile app for anytime, anywhere account access

Find out more about HRAs