Holden Insurance is proud to announce the acquisition of AIS branches of Ashland and Ironwood, formerly LBS, effective January 2021.
At Holden Insurance Agency, we look forward to working with you.
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A health reimbursement arrangement (HRA) is a tax-advantaged benefit that allows both employees and employers to save on the cost of health care.
HRA plans are employer-funded medical reimbursement plans. The employer sets aside a specific amount of pre-tax dollars for employees to pay for health care expenses on an annual basis. Based on the plan design, HRAs can generate significant savings in overall health benefits.
The primary requirements for an HRA are that (1) the plan must be funded solely by the employer and cannot be funded by salary reduction, and (2) the plan may only provide benefits for substantiated medical expenses.
HRAs may be designed in many fashions to suit the specific needs of the employer and employees. It is one of the most flexible types of employee benefit plans making it very attractive to most employers.
Holden Insurance Agency, Inc. offers free, comparative quotes on Health Reimbursement Arrangement from multiple insurance carriers so you can get the best possible rate.
Want to see how much we can save you? Just request a quote to find out.