Employer
Insured Employees
If you are providing health care coverage for your employees you may benefit from offering an HRA, or Health Reimbursement Arrangement. This will allow you to self-insure your employees deductibles and primary care with a low-cost, high-deductible health plan (HDHP).
HRA’s have been shown to significantly reduce employer costs and improve employees access to primary care.
Uninsured Employees
Employers who cannot provide health insurance due to expense or the status of part-time or temporary employees, but would like to assist them with their healthcare expenses may choose to offer an HRA. An HRA is employer funded and reimburses medical expenses incurred by employees up to a specified dollar amount.
HRA’s typically cost $300 to set-up and $150 per year to maintain after the first year. There is usually a $10 to $15 monthly fee per employee for a third-party administrator to manage the account.
Employers seeking to assist their employees in providing cost-effective care may choose to introduce Concierge Physician Associates as a resource for care. There is no actual or implied employer sponsorship of Concierge Physician Associates.
PLEASE NOTE: Concierge Physician Associates is not an insurance broker. We do not solicit insurance business. The recommendations and opinions expressed on this website are those of Concierge Physician Associates and not necessarily those of any third party, including insurance brokers.
Concierge Physician Associates has been advised that our views regarding the use of various tax-favored plans are essentially correct. We do not offer medical related tax advice. We recommend that you consult your tax accountant regarding the tax-favored plans associated with payments made to Concierge Physician Associates.