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What is HRAFlex?

A great way for employers to help employees when they need it most with an employer-owned HRA. The employer assigns a value or account limit to the employees HRA account to help pay for qualified medical expenses, including deductibles and copays.

Advantages for Employers:
Reimbursements of qualified claims are tax-deductible for the employer
Employers limit their exposure by establishing the maximum expense a participant may spend related to their health care benefit

Advantages for Employees:
Contributions by employers are excluded from employees' gross income
Reimbursements are tax free if the employee incurs a qualified medical expenses

Implementation made easy for all tax advantage HRAs:
HRAs can be paired with any health insurance plan
Employer owned accounts have flexibility in offering a customized definition of reimbursable expenses (HRAs can be designed to pay deductibles, copays, and other out-of-pocket medical expenses)
The employer has a way to define the qualified expenses of the plan, and ESG has the ability to estimate claims based on the actual plan design (HRAs also have the option of rolling over any unused funds to the next year)