HRA Plans For Large Employers

If you have at least 50 full-time equivalent employees, then it will be important to offer them enough in reimbursements for them to afford their health insurance premiums in order to avoid any penalties from Uncle Sam.

You can separate your employees into different classes based on certain prescribed criteria (ie, location, full-time/part-time, etc), which allows you to set the right benefit for all of your employees depending on their situation.

For a company with at least 50 full-time equivalent employees, ICHRA is right for you. The QSEHRA is only allowed for smaller companies.

You should expect to hear from us within 2-5 business days. Once we receive the information needed and talk with you to understand the situation and goals, our design team will work with you to finalize a design (this typically takes a few more days).

We recommend pushing through tax-free reimbursements on payroll (like you’re reimbursing for travel expenses or something). We’ve seen some business owners just write checks, pay cash, or use PayPal, etc. Up to the business owner!

When your employees buy insurance, they’ll be asked to upload Proof of Coverage. Once they’ve uploaded this document and it’s been approved, then they can be set up for reimbursements. 

We keep track of this for you, so you don’t have to. When you’re ready to reimburse your employees, you’ll reference your Reimbursement Statement on our portal, where we'll show you exactly how much each person is owed in a given time frame.

No problem! You can manage your employee roster through your member portal. For new hires, you can easily add them to your employee roster through your member portal. When you add your employee, you'll be asked to enter their hire date so we can determine their eligibility date, based on any waiting periods you've set. (If you do not have an eligibility wait period in your plan, then their start date & eligibility date are the same). Once you hit submit, we'll send them an invitation to onboard onto the platform and help them get started.

When an employee leaves the company, you can easily remove them from your employee roster through the member portal. You can even set our system to remove them on their last day as soon as you receive their two week notice, if you want. When you log in to your member portal, be sure you're in your Employer profile, and navigate to the Employee Roster. Click on the box next to the employee you want to remove, and then click "Remove Employee.”

We’ve built a team just for you to help you be successful. It’s aptly called the client success team and they’re solely dedicated to meeting your needs.