Health Reimbursement Arrangement (HRA)
WageWorks HRA — Putting Choice Back into Health Care
As employers struggle to get their arms around the rising cost of health care coverage, one thing is becoming abundantly clear: employees will need to begin to take more responsibility for their individual health care choices. With choice comes empowerment, and one easy way employers can start their employees down the path toward taking more control of their health care, and lowering costs for everyone, is an employer-sponsored Health Reimbursement Arrangement (HRA). The WageWorks HRA helps you effectively transition to a consumer-driven approach by giving employees and their families a simple way to save, manage, and spend employer-provided health care funds. The perceived impact of increased out-of-pocket spending is minimized as funds from HRAs can be used by working families to pay for hundreds of health-related expenses.
The WageWorks HRA Works with Any Plan
- HDHP: The WageWorks Health Reimbursement Account works with any High Deductible health plan — with or without any other health care accounts offered by the employer
- FSA: Health Reimbursement Accounts and Flexible Spending Accounts are integrated automatically to allow employee contributions, while providing one simple user experience
Flexibility – The WageWorks Advantage
- Health Reimbursement Arrangements are funded by the employer; FSAs are funded by the employee, employer or both
- Employer's choice of which account pays first
- Employer's choice of automatic health plan claims rollover in the Health Reimbursement Arrangements
- Employer and employee's choice of automatic health plan claims rollover in the FSA
More Payment Options = More Convenience, Confidence and Trust
- WageWorks Health Care Card: Quick payment at point-of-service backed by the market's most advanced automatic data exchange system
- Pay My Provider: Automatic bill pay directly from the Health Reimbursement Arrangement to designated providers — no receipts or claims required
- Pay Me Back: Reimbursement to employees with rapid claims turnaround, real-time online visibility, and direct deposit
