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.
We wrote a piece on benefits communication a while ago, focused on clearing up 9 confusing benefits terms. Benefits are a tricky topic. That includes
We previously published a post that addressed two common questions: What is substantiation? Why is it required? In that post, we learned it’s less what
National Employee Benefits Day is celebrated on April 6th. This day is dedicated to recognizing employers’ hard work and dedication that provide valuable benefits to
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 for eligible expenses everywhere Mastercard is accepted. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.
HSA Custodial Services are provided by a separate financial institution. See your HSA Account Agreement for specific account terms.
©2023 BRI | Benefit Resource All Rights Reserved.
Privacy Policy|Terms of Use|Accessibility|Website developed by Mason Digital
