In less time than it takes to finish a cup of coffee, find out if health reimbursement accounts (HRAs) could work for your business. WEA Trust covers the definition, advantages, disadvantages and can't-miss facts about this popular health benefit option.

1. 05/14/2014
Michael Schwitzer – Account Executive
Mel Grau – Marketing Coordinator
Are HRAs right for you?

2. Sound Check

3. What is an HRA?

4. An HRA Defined
• Health Reimbursement Account
• Helps offset costs of High Deductible
Health Plans
• Employers specify which medical
expenses and HRA pays for

5. Why would someone
want an HRA?

6. HRA Advantages
Flexibility High
Employer
Control High
Non-Portable
Unused Funds
Retained by
Employer

7. HRA Disadvantages
Employees cannot
contribute to the
Account
Typically less
consumerism than
an HSA
More legal
compliance
[ERISA, COBRA, etc
]
HRA vendor is
required.

8. How does funding
work with an HRA?

9. HRA Funding
• 100% Employer Funded
• Money belongs to the Employer
– Non-portable
– No Employee Cash Out
• Carry-over of funds determined by
Employer

10. What else should
people remember
about HRAs?

11. Other facts about HRAs
• The Employer chooses when the HRA pays for
medical services
• Timing of annual contributions also determined
by Employer
• Medical expenses that are reimbursed can be
limited
• HRAs are administered by a TPA, which carries
additional costs (typically pm/pm)

12. Questions?