We understand the need to find alternative and creative plan designs for your clients. You want to keep the costs low while offering the best benefits available. That’s why a Health Reimbursement Account (HRA) might make sense.
An HRA allows an employer to fund an account for employees to use for medical expenses such as deductibles, copays, coinsurance, and prescriptions. Your client saves money on medical premiums be selecting a higher deductible plan, while employees receive a high level of coverage by supplementing their costs with the HRA funds.
Paramount is excited to be partnered with Wageworks to administer HRAs for our clients.
For more information on our HRA options, including pricing, contact your Account Executive at 419-887-2500.