Employee Benefits
- Introduction to Employee Benefits
- Employee Benefits Mandated by Law
- Introduction to Group Health Insurance
- Costs vs. Benefits of Healthcare
- Types of Healthcare Coverage Plans
- Health Savings Accounts (HSA)
- Health Reimbursement Accounts (HRA)
- Introduction to Group Life Insurance
- Different Types of Group Life Insurance
- Additional Features of Group Life Insurance
- Cost of Group Term Life Insurance
- Structuring Group Term Life Insurance Policies
- Who Will be Covered by Group Term Life Insurance?
- Introduction to Retirement Plans
- Setting Up and Administering a Retirement Plan
- Advantages of Retirement Plans
- Retirement Plan Questions to Ask
- Introduction to Workers' Compensation
- Types of Workers' Compensation Plans
- Introduction to Disability Insurance
- Types of Disability Insurance
- Introduction to Voluntary Benefits
- What is a Cafeteria Plan?
- What is a Flexible Spending Account?
- Communicating Benefits to Employees
Health Reimbursement Accounts (HRA)
A Health reimbursement Account is designed to allow the employer to pay all of a portion of the deductible for their employees and dependants.
Benefits of an HRA:
- You control contributions and decide what expenses they can be used for.
- A HRA may allow you to chose a higher deductible plan and lower the company's premium.
- HRA reimbursements are tax deductible for you and tax exempt for your employees.
Note: HRAs and HSAs are often paired with specific health insurance plans. Talk with your health insurance provider and consider options carefully when shopping for health insurance for your employees to ensure you get the features you want.
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