Health Reimbursement Accounts (HRA) are employer sponsored funds available to employees to use towards unreimbursed medical expenses. Our HRA plans can be tailored to suit your company’s needs.

Typically, employees use the allocated money in the HRA account towards expenses deemed eligible by the employer. Deductible and out of pocket expenses as well as copayments, dental and vision expenses are examples of reimbursable expenses. Unused funds can be rolled over for use in future plan years and for other expenses if the employer allows.

Many employers find that if they raise their medical deductible, they will lower their premiums significantly enough to use part of the savings to reimburse the employee a portion of the deductible.

Advantages of an HRA

• HRAs are available to any size group
• HRAs can be combined with any type of medical plan
• Accounts do not have to be pre-funded; funds are allocated
• Employer retains ownership of account if employee terminates (COBRA eligible)
• Employer increases employee benefits while decreasing cost

With Benefit Coordinators as your HRA administrator we provide your company with all the legally required documents to ensure compliance. Employee education is key to a successful plan and our benefit specialists are experts at providing plan information in an easy-to-understand format.

Claims are processed daily, and reimbursements can be issued as often as needed. Debit cards are also available to employees for access of their funds (for eligible plan designs).

Employees can access their account to check claim status and account balance anytime by logging into the employee portal – www.bci4me.com.