Marketplace
ConnectYourCare Health Reimbursement Arrangement (HRA) Solution
An HRA from ConnectYourCare helps employers manage rising health costs and offers maximum control over spending.
Our HRA solution provides:
- Expert support from a team of professionals dedicated to employers’ strategic and day-to-day needs
- Complete account transparency through detailed online reporting tools
- Proven implementation methodology and specialists that speed the implementation timeline
- Communication kits that ease implementation, boost enrollment, and increase employee satisfaction
- Programs that drive higher employee satisfaction rates and demonstrate clear increases in tax savings
HRA plan designs include (but are not limited to):
- General HRA: covers all IRS approved expenses
- HRA for Prescription and Medical Expenses: covers only medical and
prescription expenses
- HRA for Medical Expenses: covers only medical expenses
- First Dollar Coverage HRA: funds available on Day 1 of plan year
- Member Pay First HRA: participant must meet an initial deductible (e.g., $500) prior to having access to HRA funds
- Limited Purpose HRA: restricted to dental and vision expenses; typical for HRAs coupled with an HSA
- Retirement HRA: restricted to post-retirement benefits; the HRA remains dormant (or inactive) until the participant becomes eligible
- Suspended HRA: account is dormant until the participant meets a specific criterion or set of criteria
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