A traditional group Health plan can be difficult to manage with rising healthcare costs. If you’re offering a group health plan with a high deductible to save money, a special type of health reimbursement arrangement (HRA) has been specifically designed for employers like you: the integrated HRA.
With an integrated HRA, you can enhance your traditional group health plan while reducing the annual premium rate increases associated with traditional health insurance. But with any group health coverage benefit, it’s important to how an integrated HRA fits into your current Health Benefit.
In this blog, we’ll define integrated HRAs and discuss the following four considerations to think through when determining if this health benefit is right for your business:
- You have a group health insurance plan
- You’re looking to reduce healthcare costs
- You want to attract and retain top talent
- You want to customize your health benefit
This post first appeared on Small Business Employee Benefits And HR, please read the originial post: here
