22 05, 2017

Medicare Basics

By |2026-03-29T14:34:17-04:00May 22nd, 2017|Categories: Employee Benefits, Group Health, HR|

Medicare Basics 

Health care coverage in the US is becoming a growing concern, not only for the working class but also for those close to retirement and who have retired. If you’re 65 or older and searching for a suitable health insurance plan, then chances are that you might have come across Medicare. Medicare is basically a federal health insurance program primarily designed for people above 65, and people who are young […]

20 05, 2017

How to use HRAs to Save on Healthcare?

By |2026-03-29T14:33:26-04:00May 20th, 2017|Categories: Employee Benefits, Group Health, HR, HR|

HRAs to Save on Healthcare

HRA is a good option to consider for employers in the US seeking affordable and beneficial healthcare plans for employees. Also known as a Health Reimbursement Arrangement or Account, HRA is basically an IRS approved, tax advantaged and employer funded health benefit plan that provides great benefits to both sides, the employee and the employer.

Under HRA, the employer makes contributions into employee account and also provides reimbursements […]