View the GroupHRA Training On-Demand Now
With GroupHRA, employers reduce the premium on their current group policy by increasing employee exposure (e.g. raising the deductible).
GroupHRA works best for companies that already offer group health insurance and want to save money without canceling (or reducing) employee coverage. Then, they use GroupHRA to cover the employees' increased exposure (e.g. increased deductible) with tax free defined contributions.
Employers are able to reduce monthly benefits costs with a typical net savings of 20-40% with no reduction in benefits. Other features of the benefits software include electronic plan documents and integration with any payroll system.
GroupHRA protects employer-employee privacy in compliance with IRS, HIPAA and ERISA.
With one in every two businesses dropping group health insurance, the industry is ripe for a shift to a more cost-effective alternative.
Insurance agents, CPAs, Chambers of Commerce, HR outsourcing companies, payroll providers and other business associations can grow their business by offering GroupHRA to clients.
In this 30-minute webinar recording, attendees will learn how to offer GroupHRA, including:
- What is an HRA?
- How does GroupHRA work?
- How to integrate insurance services with GroupHRA
- Key features of GroupHRA
Insurance, Accounting and Small Business professionals looking to learn about alternative health plans should watch this webinar and sign up for a free partner account to receive ongoing health benefits resources.