NEW HRA OPTIONS FOR 2023
Discover the new, affodable ways to offer employee health benefits!
Set a budget and reimburse tax-free for individual plans and medical expenses using either a NEW ICHRA for 2023 or the existing QSEHRA
HRA Expansion of Benefits.pptx
Benefits of HRAs for Employers
Since you administer the HRA account, you as the employer choose how much you want to contribute for each employee each year.
An Alternative to Traditional Group Health Coverage
If you can’t offer traditional group health coverage or don’t want to take on potential risks of offering traditional group health insurance, certain types of HRAs — where you offer a fixed amount per month to employees — can give you more control over the funds you contribute. Plus, HRAs aren’t subject to annual rate hikes.
Employer contributions are tax-deductible, and reimbursements are tax-free when an employee files a claim.
No Participation Concerns
There’s no negative impact to your bottom line if employees decide not to use an HRA benefit.
Choose the Features That Make Sense for Your Business
Employers have flexibility when choosing the plan features that work best for their employees and budget.