Health Reimbursement Arrangement
An HRA lets you empower your employees while saving money. Coupled with your medical plan, it helps you combat the rising cost of health care, and allows you to budget long term.
The HRA works in combination with a High Deductible Health Plan (HDHP) which usually costs much less than a traditional health plan, and the money you save can be set aside (tax-free) in the HRA to pay for your employees’ minor eligible medical expenses. The money is also tax-free upon withdrawal. It’s a win-win way to offer additional benefits while lowering the cost of coverage.
A Discovery Benefits HRA will:
-
Reduce your health insurance costs
-
Promote a consumer-driven approach to your employee benefit plan
-
Empower your employees as healthcare consumers
-
Allow you to carry over funds year to year
-
Offer flexible plan designs
A Discovery Benefits HRA is the simplest way to save on your healthcare. We provide fast answers, easy paperwork and extraordinary customer service. Contact a Discovery Benefits Representative to start saving now.