The Liferaft webinar, “Partner with Liferaft to Offer HRA Solutions," discusses Health Reimbursement Arrangements (HRAs) and their benefits for employers and employees. HRAs are flexible tax-advantaged spending accounts employers can use to cover certain employee expenses. Employers can fund HRAs to provide cash benefits for various health-related services, such as health insurance, IVF, fertility benefits, reproductive benefits, and mental health. This approach allows employers to allocate a budget and only pay for services employees utilize, reducing administrative and cost burdens while offering tax advantages.
The webinar highlights the Individual Coverage Health Reimbursement Arrangement (ICHRA) as a valuable solution, enabling employees to receive tax-free dollars, helping them manage their budgets and access the care they need. The ICHRA offers flexibility in selecting local health insurance plans and can be utilized by employers of all sizes. Thestreamlines the design and implementation of HRAs, making it easier for broker partners to offer cost-effective solutions to clients, particularly in cases of high insurance premiums or unsustainable rate increases. Detailed case studies showcase substantial cost savings for employers and employees when transitioning to an ICHRA.
The webinar also highlights how Liferaft's platform provides broker partners with the tools and support to implement HRAs for their clients efficiently. This includes assistance in designing the proper HRA structure, onboarding for employers and employees, and a user-friendly platform for requesting reimbursements and tracking account activities. The platform's quick quoting feature enables brokers to assess whether an ICHRA fits their clients within 24 hours, streamlining the decision-making process. With the rising popularity of HRAs and Liferaft's user-friendly technology, broker partners can confidently offer innovative solutions to their clients, helping them navigate the complexities of health benefits while delivering cost-effective and tailored employee benefits packages.
Book your consult with Liferaft
Our team knows the ins and outs of the health insurance marketplace and will guide you towards the solution that make the most sense for your business and your team. Come with questions! Our experts are happy to dig into the details to get you the clarity you need.
During the call, Liferaft will run a cost-benefit analysis on your company's current healthcare spending and show you different ways you can save—without sacrificing plan quality. After your consult, Liferaft will design a unique plan for your employee's health insurance, including suggested plans and accounts, plan policy documents, and the annual budget.