With the increased cost of health care, employers need affordable options. With double-digit cost increases crippling employers and employees facing huge cost increases, HRAs offer a solution.
HRAs allow employers to adopt higher deductible health plans and offer each employee a defined dollar amount, (employer funded) to offset the higher deductible, when integrated with their group health plan. These funds are available for the employee to use for health plan deductibles, co-pays and/or other allowable “Standalone” expenses such vision and dental.
HRAs are employer-sponsored plans.
HRAs may allow employees to roll-over unused funds at the end of the year.
Contact SABC for all your available options.