A Health Reimbursement Arrangement Can Help Control
Your Medical Expenses
How Does an HRA Work?
A health reimbursement arrangement allows an employer-funded account to repay the unreimbursed medical expenses of employees. Since an employer does not have to pre-fund the entire HRA account and can simply reimburse employees as they submit claims, this allows the employer to design the right benefits plan to meet their employee's needs.
How Does a Health Reimbursement Arrangement Benefit the Employer?
An HRA gives an employer complete control over the expenses that they will reimburse, in turn resulting in better cash flow management. Plus, costs for these health reimbursement arrangements are usually less than many of the other employer-funded health care options.
PrimePay Offers PrimeFlex - A Full Suite of Pre-Tax Health Account Plans
Help Your Employees Save with a Health Reimbursement Arrangement
PrimeFlex: A Suite of Flexible Health Care Solutions
PrimePay offers flexible plans from PrimeFlex, a service that is dedicated to helping your company manage health care costs with pre-tax funds. These pre-tax health account plans allow employers to spend less time worrying about their plan administration and more time focusing on growing their business. PrimeFlex offers plans like Premium Only Plans (POP), Flexible Spending Accounts (FSA), Health Reimbursement Arrangements (HRA), Health Savings Accounts (HSA), and COBRA Compliance.
Find Out Your Options with PrimePay's Business Services
Contact PrimePay about Starting an HRA Plan
PrimeFlex Offers Tax Savings for Employers & Employees
- Reduce payroll expenses
- Increase employees take-home pay
- FSA reimbursements processed regularly
- Easy-to-use debit card based system
Health Reimbursement Programs for Companies of All Sizes
No matter how small or large your company is, you are eligible to establish a tax-free HRA program. An HRA can be used in conjunction with or instead of a traditionally insured group medical plan. With medical costs on the rise, offering your employees the convenience of flexible compensation services is one way that you can make health care more affordable and save thousands each year in FICA payroll taxes.
Integrated Business & Payroll Services
PrimePay makes integrating your business and payroll needs a seamless process. We offer a full suite of business offerings to help your company get ahead and avoid employee compliance issues and tax liabilities - situations that can have a negative effect on your business.
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