Empower your workforce to take control of their healthcare finances through a configurable Health Reimbursement Account.
There are many allowable configurations for Health Reimbursement Accounts, and you need a platform that can support your complexity, strategy and reporting needs. We have you covered.
Our flexible system was built to support any number of HRA program designs—including, but not limited to—retiree, limited purpose and integrated HRAs.
Why MyChoice® Accounts?
To effectively administer HRAs, you need a platform with flexibility to meet your benefit goals, while also built for the employee to easily manage their account. We’ve got both. We want to give your employees seamless access to their funds, while providing you robust reporting to ensure your money is being put to work.
Putting HRAs to Work
HRAs are designed to help cover certain out-of-pocket medical expenses that are not covered by the employees’ health plan. HRAs are entirely funded the employer, and the employer determines the type of eligible expenses it will cover. HRAs can be medical-only, dental/vision-only, prescription-focused, all 213(d) eligible expenses, or even health plan premium-specific. HRAs can be paired with other types of accounts, so employers can design the best fit for their population.