Employers and employees will both save on the costs associated with healthcare with the Health Reimbursement Arrangement.
Heath Reimbursement Arrangement plans are funded by employers. They put aside a set amount of dollars that have not yet been taxed to allow employees to pare for their health expenses annually.
The main requirement for the HRA is that the employer must fully fund the plan and cannot reduce the employees pay because of it, and they may only fund authenticated medical expenses with it.
The employer has many different options available, and we will find the best one to suit your needs while making it appealing to your employees.