What Is a Health Reimbursement Arrangement?

A Health Reimbursement Arrangement (HRA) is a plan designed to help employees manage the rising costs of health care by allowing them to pay for qualified medical expenses with money set aside in an account funded by their employer. Think of it as a personal account for medical expenses. 

Employers set aside money on a pre-tax basis — this means as long as employees use the money for eligible expenses, they won’t pay income taxes on it.

How Does It Work?

Participating in a Surency Flex HRA is easy.

  1. Employers contribute a specified amount to each employee’s account each year. The money may be deposited in increments or in one lump sum.
  2. When an employee is ready to use the money in his/her HRA for a qualified medical expense, he/she just swipes their  Surency Flex Benefits Card.
  3. The benefits administrator determines if funds roll over at the end of each year. If rollover is not available, employees must use the funds in their HRA by the end of the year.

Types of HRAs Offered

  • Comprehensive
  • Post Deductible Only
  • Retirement Only
  • Premium Reimbursement
  • Bridge Deductible
  • Limited Purpose
  • Shared Deductible Coinsurance
  • Qualified Small Employer (QSEHRA) 

Why Surency?

We’ve mapped out every aspect of the consumer experience down to the smallest detail to ensure your employees understand the benefit — guaranteeing a positive experience for both employees and employer. 

Interested in offering your clients an HRA?

Fill out the form below to get started. A Surency team member will reach out to help you with your custom Surency Flex solution. 

RFP Form

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