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Health Reimbursement Arrangements

You've got your employees' backs. And we've got yours.

Group health benefit premiums tend to escalate every year. In an effort to keep costs reasonable, many employers are moving from traditional, co-pay based options to plans with an upfront deductible. A health reimbursement arrangement (HRA) is an employer-funded account that is designed to reimburse employees for qualified medical expenses that are paid for out-of-pocket. Please note that an HRA can be combined with an FSA to cover out-of-pocket expenses.

There are no annual contribution limits on HRAs. However, an employer usually sets the contribution below the annual deductible. Sentinel's HRA administration is seamlessly coordinated with high deductible health plans (HDHPs) to curtail the cost of premiums, while encouraging employees to spend wisely.

We have everything you need to successfully and efficiently administer your HRA program. From our highly skilled administrators to our seamless integration with your existing health plan provider, we can deliver a fully integrated platform.

Sentinel Benefits & Financial Group provides me with a single resource for all my benefit planning, administration and compliance needs.

– HR Manager, Greater Lynn Senior Services, Inc.

Our Health Reimbursement Arrangement includes:

  • Automated benefit disbursements reducing participant involvement in filing claims
  • Dedicated employer and participant resources
  • Complete enrollment support, education, processing and documentation
  • Optional access to HRA funds with our Benny® VISA Debit Card
  • Weekly disbursements and electronic deposits
  • Convenient toll-free customer service and 24/7 online account access

Take the next step.

To learn more about how our HRA administration services can stretch the value of your benefits package, contact us today by calling 800-436-6689 or filling out the form to the right.

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