What is an HRA?

Health Reimbursement Arrangements (HRAs) are employer-funded group health plans from which employees are reimbursed tax-free for qualified medical expenses up to a fixed dollar amount per year. Unused amounts may be rolled over to be used in subsequent years. The employer funds and owns the arrangement. Health Reimbursement Arrangements are sometimes called Health Reimbursement Accounts.

Elite Legacy offers many different options for HRA Plans.

Submitting Claims:

Employees can submit claims via their employer website or mobile app, or by email or fax

Or

We can implement a claims steam from most insurance carriers and employee claims are sent directly to us from the insurance company.

 

Receiving Reimbursement:

Employees can receive reimbursement via a debit card, direct deposit, or check

Kinds of HRAs

Employers not only decide what an HRA will pay for, they can decide when it pays, by choosing from different designs.

Here are a couple of examples:

  • HRA pays first: You use the funds until gone then you pay expenses your plan doesn’t cover

  • You pay first: You pay for expenses not covered by your plan until you reach an amount set by your employer, then the HRA pays

QSEHRA

Qualified Small Employer HRA

The perfect on-ramp to health benefits for small employers.

  • For organizations with <50 employees

  • Employee coverage: Variable

  • Group health plans cannot be offered

ICHRA

Individual Coverage HRA

Offer a fully customizable health benefit that's simple to manage.

Requirements

  • For organizations of all sizes

  • Employee coverage: Individual policy

  • Group plans cannot be offered to the same classes of employees

GCHRA

Group Coverage HRA
Supplement your employees’ group health coverage.

Requirements

  • For organizations of all sizes

  • Employee coverage: Group policy

  • Group health plans must be offered

An HRA, or health reimbursement arrangement, is a kind of health spending account provided and owned by an employer. The money in it pays for qualified expenses, like medical, pharmacy, dental and vision, as determined by the employer. 

  • Other key things to know about HRAs are:

  • Only your employer can put money in an HRA

  • You don’t pay taxes on money that comes from an HRA

Your employer decides whether to let unused funds roll over from one year to the next

Employers have more say in how HRAs work and have more options to choose from than other health spending accounts.

Elite Legacy offers complete administration and can simplify the process for employers and employees.

We have a streamlined solution that allows employees to receive funds on a protected debit card, check balances and claims, and upload receipts on their online account or mobile app.