HRA Administrators

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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Product Info

Min. Group Size

-

Lives Serviced

12,500

Average Cost

Average Cost is Locked

41 RFI Questions Get access to vendor answered question RFIs.

RFI questions number is Locked

4 Specific Questions Specific Questions

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Product Features

✓

HRA Platform

✓

Data document management

✓

Insurance eligibility verification 

✓

Unused HRA Portability

Not Provided.

Product Description

QSEHRA, GCHRA, EBHRA Show More
Company Overview
Product Info

Min. Group Size

1 eligible

Lives Serviced

21,000

Average Cost

Average Cost is Locked

41 RFI Questions Get access to vendor answered question RFIs.

RFI questions number is Locked

4 Specific Questions Specific Questions

Lock

Product Features

✓

HRA Platform

✓

Data document management

✓

Insurance eligibility verification 

✓

Unused HRA Portability

Not Provided.

Product Description

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... Show More
Company Overview
Product Info

Min. Group Size

20 eligible

Lives Serviced

-

Average Cost

Average Cost is Locked

41 RFI Questions Get access to vendor answered question RFIs.

RFI questions number is Locked

4 Specific Questions Specific Questions

Lock

Product Features

✓

HRA Platform

✓

Data document management

✓

Unused HRA Portability

Not Provided.

Product Description

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...
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Company Overview
Product Info
Company Overview

Founded

1996

Employees

Funding Summary

Not Provided

Clients Your Size Clients Your Size

Clients size is Locked

About EMPOWER

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 technology of the Nation’s largest administrators with the Human Touch of exceptional service.

With EMPOWER, you’ll contact your Personal Account Manager with any issues, not an anonymous email ticket system. This means you and your HR team will get the answers you need in minutes, not days.

In annual surveys, EMPOWER consistently...
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Product Info
Company Overview

Founded

1989

Employees

397

Funding Summary

Not Provided

Clients Your Size Clients Your Size

Clients size is Locked

About BASIC

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 United States. Show More
Product Info

Min. Group Size

1 eligible

Lives Serviced

-

Average Cost

Average Cost is Locked

41 RFI Questions Get access to vendor answered question RFIs.

RFI questions number is Locked

4 Specific Questions Specific Questions

Lock

Product Features

✓

HRA Platform

✓

Data document management

✓

Insurance eligibility verification 

✓

Unused HRA Portability

Not Provided.

Product Description

Our HRA is a flexible program that can meet the specific needs of clients. We can work with any health plan or configure our system to accommodate an employer's plan design. We manage... Show More
Company Overview
Product Info

Min. Group Size

1 eligible

Lives Serviced

61,875

Average Cost

Average Cost is Locked

41 RFI Questions Get access to vendor answered question RFIs.

RFI questions number is Locked

4 Specific Questions Specific Questions

Lock

Product Features

✓

HRA Platform

✓

Data document management

✓

Insurance eligibility verification 

✓

Unused HRA Portability

Not Provided.

Product Description

• HSA Bank offers HRAs covering a wide range of employee circumstances.
• We offer options for how to structure HRAs, like funding amounts and eligible expenses based on company culture.
...
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Company Overview
Product Info
Company Overview

Founded

1975

Employees

734

Funding Summary

Not Provided

Clients Your Size Clients Your Size

Clients size is Locked

About TASC

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 employee to thousands!

New product development, innovative tools, and outstanding, transparent service keep TASC’s service offerings at the forefront of third-party benefits administration.

TASC prides itself on helping business owners and their employees improve their bottom line, bringing them peace of mind, and providing them with fast and accessible service.

AgriPlan and BizPlan (Section 105 HRA) are products that...
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Product Info
Company Overview

Founded

2021

Employees

20

Funding Summary

15M Series A

Clients Your Size Clients Your Size

Clients size is Locked

About elevate.inc

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 benefits market poses problems for benefits providers, employers and their employees. Today's platforms are antiquated and impersonal, and often confusing for employees to understand. Elevate’s cutting-edge benefit administration technology simplifies systems, boosts efficiency and cuts costs for providers.
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Product Info

Min. Group Size

-

Lives Serviced

85,000

Average Cost

Average Cost is Locked

41 RFI Questions Get access to vendor answered question RFIs.

RFI questions number is Locked

4 Specific Questions Specific Questions

Lock

Product Features

✓

HRA Platform

✓

Data document management

✓

Unused HRA Portability

Not Provided.

Product Description

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... Show More
Company Overview
Product Info

Min. Group Size

300 eligible

Lives Serviced

-

Average Cost

Average Cost is Locked

41 RFI Questions Get access to vendor answered question RFIs.

RFI questions number is Locked

4 Specific Questions Specific Questions

Lock

Product Features

✓

HRA Platform

✓

Data document management

✓

Unused HRA Portability

Not Provided.

Product Description

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...
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Company Overview
Product Info

Min. Group Size

1,000 eligible

Lives Serviced

-

Average Cost

Average Cost is Locked

41 RFI Questions Get access to vendor answered question RFIs.

RFI questions number is Locked

4 Specific Questions Specific Questions

Lock

Product Features

✓

HRA Platform

✓

Data document management

✓

Unused HRA Portability

Not Provided.

Product Description

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... Show More
Company Overview
Product Info

Min. Group Size

-

Lives Serviced

-

Average Cost

Average Cost is Locked

41 RFI Questions Get access to vendor answered question RFIs.

RFI questions number is Locked

4 Specific Questions Specific Questions

Lock

Product Features

✓

HRA Platform

✓

Data document management

✓

Unused HRA Portability

Not Provided.

Product Description

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... Show More
Company Overview
Product Info

Min. Group Size

250 eligible

Lives Serviced

-

Average Cost

Average Cost is Locked

41 RFI Questions Get access to vendor answered question RFIs.

RFI questions number is Locked

4 Specific Questions Specific Questions

Lock

Product Features

✓

HRA Platform

✓

Data document management

✓

Unused HRA Portability

Not Provided.

Product Description

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...
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Company Overview
Product Info

Min. Group Size

-

Lives Serviced

66,138

Average Cost

Average Cost is Locked

41 RFI Questions Get access to vendor answered question RFIs.

RFI questions number is Locked

4 Specific Questions Specific Questions

Lock

Product Features

✓

HRA Platform

✓

Data document management

✓

Insurance eligibility verification 

Not Provided.

Product Description

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... Show More
Company Overview
Product Info
Company Overview

Founded

Jan-06

Employees

6

Funding Summary

Not Provided

Clients Your Size Clients Your Size

Clients size is Locked

About Burnham & Flower - AP

Guiding your benefits: Our administration professionals provide expert services for HRA, HSA, FSA, COBRA, Lifestyle Benefits and Parking and Transit benefit plans along with innovative resources to help your employees manage their consumer directed health care accounts. Multipurpose debit card: A single debit card is leveraged for all benefit account spending. Next Generation Member Portal and Mobile App: Powerful self-service capabilities plus education and decision support tools. Get real-time balances and transactions, submit claims, access plan details, account alerts, and much more. Employee Engagement Tools: Real-time administration platform automatically sends event-triggered alerts and notifications via text and email that keep... Show More
Product Info
Company Overview

Founded

1986

Employees

107

Funding Summary

Not Provided

Clients Your Size Clients Your Size

Clients size is Locked

About Flores Associates

For over 30 years, Flores has delivered frictionless Benefit, Leave and Compliance solutions that make life easier for HR teams and their employees through industry-leading technology, people and processes. Our solutions are highly-rated by employees, preferred by employers and recommended by brokers across the nation. We offer a comprehensive suite of reimbursement and savings accounts; leave administration expertise; and complete compliance support. We make life easier with proven omnichannel service and support, including the Flores Account Management System. And our industry-leading technology, people and processes enable us to deliver a better, frictionless experience for everyone.
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Product Info
Company Overview

Founded

1983

Employees

85

Funding Summary

Not Provided

Clients Your Size Clients Your Size

Clients size is Locked

About Medcom Benefit Solutions

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 to meet the needs of plan participants and the administrative goals of employers.

Medcom’s expert consultative services provide a comprehensive approach to ERISA Compliance, in addition to, the administration of COBRA, Retiree Billing, Flexible Spending Accounts, Health Savings Accounts, and Health Reimbursement Arrangements.

As regulatory compliance continues to increase in complexity, Medcom has designed a streamlined approach to...
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Product Info

Min. Group Size

-

Lives Serviced

220,000

Average Cost

Average Cost is Locked

41 RFI Questions Get access to vendor answered question RFIs.

RFI questions number is Locked

4 Specific Questions Specific Questions

Lock

Product Features

Not Provided.

Product Description

The YourWay HRA is designed to help participants cover out-of-pocket medical expenses now and in the future. There are many different plan designs and funding sources but one thing is consistent, all contributions... Show More
Company Overview
Product Info
Company Overview

Founded

2002

Employees

83,270

Funding Summary

Not Provided

Clients Your Size Clients Your Size

Clients size is Locked

About Optum Financial

At Optum Financial, we help you save on health costs, so you have more to spend on the things you love.

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Frequently Asked Questions

What's HRA?

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.

What's an HRA Account?

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.

What's an HRA Plan?

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.

What's HRA Insurance?

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.

How Does an HRA Work?

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.

What Does HRA Stand for?

HRA is an abbreviation for Health Reimbursement Arrangement. Terms like HRA Account, Health Reimbursement Plan, or Health Reimbursement Insurance are often used synonymously.

What's the Difference between HRA and HAS?

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.

Can I Withdraw Money from my HRA Account?

Employees cannot cash out their HRA. Instead, they can pay their healthcare expenses out of pocket and get reimbursed later from their HRA.

What Happens to Unused HRA Funds?

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.

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