If you're comparing QSEHRA administration software, you're probably considering offering your employees benefits through a Qualified Small Employer HRA. Good work! Here's what to ask when you're looking at options.
What should I look for when choosing QSEHRA administration software?
Since this can get a little complicated, it's important to select a QSEHRA admin tool to do all the heavy lifting for you and help you avoid compliance and reporting issues.
Here's what you should ask when you are shopping around.
What's the turnaround time?
We know your time is valuable. That's why an HRA administration tool should make it fast and easy to administer your HRA. It should help you quickly create legal documents and enroll your team.
Where should my team purchase their own health plans?
Your employees will need to select their own plan to benefit from the HRA arrangement. The upside for them is that they get to pick a plan that meets their unique needs. An HRA administration tool that allows them to shop and compare plans in one spot will make it easy for them to purchase a plan and complete enrollment in the company HRA.
Our online tool at Take Command is easy to use and employees can search plans based on their needs, their doctors or their prescriptions.
How does the QSEHRA administration software handle reimbursements?
When it comes to reimbursing for qualified medical expenses, it should always be simple and easy. Employees should be able to submit requests online, check the status and receive email notifications to help them stay on track.
I don't want to field a bunch of questions. Who should my employees ask when they need clarification?
Helping your employees understand the ins and outs of the QSEHRA will help them make the most of their HRA. As always, communication is key. But questions will certainly arise. And that's where the QSEHRA admin tool comes in. Your team should be able to contact support via email, chat or phone instead of depending on you for information.
Is prefunding required?
Prefunding should not be required from your administration tool. What's more, funds should remain with your company, not the admin tool.
How much does QSEHRA administration cost?
Ideally your administration tool will have a one-time setup fee. In addition, you will pay a monthly fee per employee for administration purposes. Avoid tools that require a yearly renewal fee. Take Command's starts at an affordable $15 per employee per month.
→ Read this startup's QSEHRA review for more info about their experience with Take Command!
Take Command as your administration tool
Take Command is ready to be your HRA administrator. We offer support for you as a business owner as well as your employees. Our small business experts will take care of the details so you can go back to what you do best.
We help startups:
- We handle all the legal work and make tax season easy and painless
- Employee onboarding
- An easy and quick online signup process
- A customized admin portal for your business allows you to review and approve HRA documents, view monthly reimbursement reports, add/remove employees, manage subscriptions, update payment information, and see overview information about HRAs.
We help your team:
- We offer a data-driven platform to help them pick the best on- or off-exchange plan based on their preferred doctors, unique needs and prescriptions.
- Our customized portal allows them to enroll in the HRA online, view their HRA documents, submit medical expenses (if allowed), access their membership benefits, and upload their proof of coverage for compliance checks.
To get started, check out our administration chapter in our handy QSEHRA guide. It's filled to the brim with helpful information on how to choose an admin tool.
