Fall River has been consulting on HRAs for our clients for over a decade, so please reach out to us if this is a strategy your company would like to consider.
Thursday, 10 September 2020 22:03
Health Reimbursement Arrangements: The Basics
Written by Tonya Young2021 is right around the corner, and employers with calendar year plans are deciding on their benefit changes for 2021. Health Reimbursement Arrangements (HRAs) can be a great option for reducing healthcare costs while keeping employees’ benefit level the same or better. They can also help you to create greater consumerism within your plan as well as offer a way to take a small step towards self-funding your plan. A fantastic recent article (weekly wrap-up) from our national partner Alera will help you get familiar with HRAs, point out some compliance aspects to be aware of, and highlight some important factors to consider when deciding if it’s the right move for your company.
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Tonya Young
Tonya is our Senior Account Manager and brings eleven years of prior insurance company expertise to Fall River, having worked at Anthem Blue Cross and Great-West Healthcare (now part of CIGNA). Tonya holds a Bachelor of Science in Psychology from Texas A&M University. Originally from Minnesota, she loves the Colorado outdoors and enjoys family time with her young daughter.