Cost savings for everyone
Adding health expense funds to a benefits package can help employees save money. And employers can help lower expenses by:
HRAs allow employers to pass along savings to employees while still controlling costs.
HSAs are portable, able to earn interest and are eligible for rollover contributions.
Employees put in money before taxes and can use it to pay for covered health care and dependent care expenses.
Think of this as an HRA that a business can offer employees when they retire to help them budget their health-related finances.
*HRAs are currently not available to HMO members in Illinois and Small Group members in Florida.
**HSAs are currently not available to HMO members in California and Illinois.
***RRAs are subject to employer-defined use and forfeiture rules.