HRA administrators are employer-funded plans whereby an employer sets aside a specific amount of pre-tax money to reimburse employees for qualified out-of-pocket medical costs.
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HRA Administrators Q3 2024Q3 July 2024: Winners
List of the top 10 HRA Administrators in Shortlister as of July 2024, presented in the order they appear in the full Vendor Listing tab.
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Salusion is a technology-driven administrator of the following tax-advantaged benefits: - QSEHRAs - ICHRAs - GCHRAs - EBHRAs - Taxable HRAs - HSAs - Health FSAs - Dependent Care FSAs - Transportation Benefits... View Full Profile
HRA/UMR is a consumer directed, tax-free health care reimbursement arrangement established and funded by the employer. The employee uses the funds, tax-free, to pay for qualified out-of-pocket medical expenses that the employer deems eligible when setting up ... View Full Profile
The Best FSA & HRA Administration! Make your employees very happy with simplified claims submission and timely & accurate claims processing. Plus, give them the ease of a debit card for point-of-sale payments. Happy FSA & HRA participants = More time for you... View Full Profile
Human Touch Service for Your Group! In 2023, EMPOWER celebrated its 25th anniversary administering FSAs, HRAs, HSAs, Cobra, and Commuter and Lifestyle Benefits accounts for employers in the Midwest and throughout the nation. EMPOWER combines the advanced ... View Full Profile
As one of the first third-party administrators of Flexible Spending Accounts in the nation, BASIC is a Technology Driven HR Compliance Company focused on delivering administrative and technology solutions to assist Human Resource Departments throughout the ... View Full Profile
HealthEquity connects health and wealth, delivering health savings account (HSA) and other consumer driven health solutions in partnership with over 54,682 employers and more than 200 health plans, retirement plan recordkeepers, and benefits administrators ... View Full Profile
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Since 1997, HSA Bank has been leading the way to a healthy financial future for our clients and members. HSA Bank uses technology and innovation to simplify the health account experience while offering reliable and responsive support to our business partners ... View Full Profile
TASC (Total Administrative Services Corporation) is an award-winning nationwide administrator of tax-advantaged health benefits plans offering comprehensive services for Clients, Participants, and Providers and serving companies ranging in size from one ... View Full Profile
Elevate strives to offer the industry’s most intuitive, configurable, and automated administration platform for employers, their employees and their dependents, to maximize the advantages of consumer directed benefits. Currently, the consumer-directed ... View Full Profile
With the many allowable configurations for Health Reimbursement Arrangements (HRAs), you need a platform that can support your complexity, strategy, and reporting needs. Businessolver’s MyChoice® Accounts is that platform. Our flexible system was built to ... View Full Profile
Why Benepass HRA Support your company’s DEI values. The Benepass HRA allows you to cover a wider range of healthcare needs, so you can live out your company’s diversity, equity, and inclusion values through your benefits and help underserved populations ... View Full Profile
Keep up with health plan changes by pairing yours with an HRA. Offer great benefits within a budget. EBC's HRA offers employers the most control to design a benefit that matches and complements their health insurance plan. And participants enjoy a benefit plan... View Full Profile
HRAs provide employers with a tax-advantaged and custom approach to healthcare benefits. They give employees the flexibility to choose coverage with the dignity to use benefits with discretion. Provide holistic support Use HRAs to provide comprehensive care ... View Full Profile
The data is clear: the single most important factor in determining health outcomes and cost outcomes is which doctor the patient sees. And the data shows a huge variation in the performance of doctors. Garner measures doctor performance better than ever ... View Full Profile
Celebrating pver 40 years, Medcom has been a leader in employee benefit administration, ERISA Compliance, and consulting services with exceptional service. We create tailor-made solutions of tax-advantaged benefit plans using innovative debit card technology ... View Full Profile
Our HRAs are fully customizable to fit the employer needs. Even the debit cards can be coded to pay percentages leaving the member to pay an out of pocket portion. Any HRA within IRS guidelines can be designed and administered by BBP Admin. Ability to link ... View Full Profile
A health reimbursement arrangement (HRA) allows employers to reimburse employees tax-free for qualified medical expenses not covered by their health plan. An HRA is funded solely by the employer. Employees use HRA funds for qualified medical expenses using an ... View Full Profile
Benefitbay is a platform for brokers, employers, and employees that enables quick and simple ICHRA deployment for companies of all sizes. First available in January of 2020, ICHRA (pronounced ICK-RA), stands for Individual Coverage Health Reimbursement ... View Full Profile
ClaimChoice Administrators is one of the largest independent administrator of self-funded union, traditional and association health plans in the country bringing more than 30 years of staff experience in delivering integrated, customized benefit solutions, ... View Full Profile
Healthy Dollars Inc is a boutique TPA that specializes in HRA Administration. What is "boutique"? Great question! We have mastered the HRAs from the plain and simple to the very complex plans. Do you need to track the deductible before allowing the employees... View Full Profile
HRA, short for Health Reimbursement Arrangement, is a type of health benefit plan funded by the employer. It reimburses employees for medical expenses not covered by their insurance up to a predetermined annual limit.
A HRA account is a financial account set up by the employer to hold the funds designated for reimbursing employees' eligible medical expenses. Employees typically do not contribute to a HRA account as it's funded solely by their employer.
A HRA plan is an employer-sponsored health benefit program. It sets the framework and regulations specifying how HRA operates, including the types of medical expenses covered, the amount of reimbursement available to employees, eligibility criteria, and any restrictions or limitations on using HRA funds.
HRA insurance is often used synonymously with Health Reimbursement Arrangements. In some cases, it also refers to health insurance plans paired with an HRA. This type of health plan usually has higher deductibles and lower premiums, and the HRA is used to help offset the out-of-pocket costs for employees.
As an employer-funded health benefit plan, the employer makes contributions to the account and decides the framework, including contribution amount, list of covered medical expenses, and limitations. Employees can use these funds for eligible medical expenses up to a specified annual limit. Any remaining funds can be carried forward to subsequent years.
HRA is an abbreviation for Health Reimbursement Arrangement. Terms like HRA Account, Health Reimbursement Plan, or Health Reimbursement Insurance are often used synonymously.
Although both HSAs and HRAs assist with health insurance and healthcare expenses, they have a different structure. HSAs, or Health Savings Accounts, are owned by the individual and permit withdrawals for non-medical expenses, whereas HRAs are employer-owned and don't.
Employees cannot cash out their HRA. Instead, they can pay their healthcare expenses out of pocket and get reimbursed later from their HRA.
Unused HRA funds at the end of the year can typically be carried over to the following year, although employers may impose a maximum rollover limit. Additionally, if an employee leaves the company, the HRA does not transfer with them to their new employer.
