Small Business Benefits
What is an HRA?
The Employer-Sponsored HRA (health reimbursement arrangement) plan designs are tax-advantaged solutions funded by employers to help employees pay for expenses eligible for reimbursement and become more engaged in their healthcare decisions.
Advantages
Pair any of our self-funded major medical plan designs with one of our HRA plan designs for cash-flow control and lower costs – with the added bonus of seamlessly integrating HRA administration and claims processing. (Our HRA plan designs cannot be paired with our preventive-only plan design.)
3 important things to remember
Funding
Funded by employers
Tax advantages
Contributions are not taxed upon deposit or withdrawal to pay for expenses eligible for reimbursement.
Pairing with a health benefit plan design
Our HRA plan designs must be paired with one of our major medical or limited medical plan designs.
Plan design availability and/or coverage may vary by state. Plans are administered by Star Marketing and Administration, Inc., and stop-loss insurance and ancillary coverage are provided by Trustmark Life Insurance Company.