A Health Reimbursement Account (HRAs) is an employer-funded account designed to assist employees in paying for certain out-of-pocket medical expenses. HRAs offer flexible plan design for an employer to meet a variety of needs. With the passage of Health Care Reform, HRAs must generally be provided in conjunction with a major medical plan and are often offered in conjunction with high-deductible, low premium health insurance plans for a total savings in health care costs.
The Beniversal HRA leverages the proprietary technology of the Beniversal®Prepaid Mastercard® for health care payments, along with streamlined online and mobile administration options, to provide a comprehensive, service-oriented administration solution.
*Actual adjudication rates will vary based on the health plan options and adjudication methods utilized.
The dreaded lost receipt. We’ve all been there. We’re trying to save money and use our FSA or HSA accounts, so we tuck away that
It’s that time of year again! The new year is upon us, and with it comes hopes of achieving our goals for the upcoming months.
As the workforce evolves, so do the expectations of employees. While benefits have always been an important part of attracting and retaining employees, the types
There are many potentially complex nuances on an HRA, but there doesn’t need to be. We would love to hear from you and help you determine the best HRA plan design to meet your current and long term goals.
245 Kenneth Drive
Rochester NY 14623-4277
EMPLOYEES: (800) 473-9595
EMPLOYERS: (866) 996-5200
The Beniversal and eTRAC Prepaid Mastercards are issued by The Bancorp Bank, N.A., Member FDIC, pursuant to a license by Mastercard International Incorporated and may be used everywhere Mastercard is accepted. Mastercard is a registered trademark, and the circle’s design is a trademark of Mastercard International Incorporated.
HSA Custodial Services are provided by a separate financial institution. See your HSA Account Agreement for specific account terms.
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