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Health Care Reimbursement Account - Is it Right for Your Business?

Choosing the right pre-tax benefit plan can be tricky, especially since there are so many options and you want to find the right one for your organization.  PrimePay offers a variety of pre-tax health options for all types of businesses and can help you find the right fit for your employees.

What is a Health Care Reimbursement Account?

This type of pre-tax option goes by many names and is sometimes referred to as a health reimbursement arrangement, HRA, defined benefit, personal care account, or health care account.  This account can be funded by an employer to pay for the unreimbursed medical expenses of employees.

Features of a Health Care Reimbursement Account

  • The HRA may reimburse all of the same expenses as a Section 125 Medical Flexible Spending Account
  • Employees have the option to carry unused funds forward
  • An HRA can be used in conjunction with or instead of a traditionally insured group medical plan
  • Employers have flexibility and control over defining expenses that will be reimbursed

Learn About Your Health Care Reimbursement Account Options from PrimePay

An HRA may or may not be the best option for your company.  That is why PrimePay offers several options to choose from.  Contact PrimePay today to discuss whether your company would benefit from a health reimbursement account, premium only plan, flexible spending account, or a health savings account.

Contact PrimePay about Your Pre-Tax Health Account Needs

Benefits to Pre-Tax Plans

  • Can dramatically reduce your payroll costs
  • Increases your employees take-home pay
  • No increase in employer contributions for employee benefits
  • Reimbursement requests are processed on a regular basis
  • Easy-to-use debit card based system
  • Recruit and retain quality employees with value added benefits

At PrimePay, our goal is to be an extended part of your company, and that is why we are committed to offering a full suite of business services so that you can operate more efficiently.  Besides integrating your pre-tax health plan with your payroll, PrimePay also can help with retirement planning services, time and labor management systems, human resources management systems, and so much more.

Contact PrimePay about Our Full Range of Business Solutions