HRAs offer employers flexibility in plan design of their health care benefit structure.

A Health Reimbursement Arrangement (HRA) is an IRS approved tax-favored benefit that reimburses employees for qualified medical care expenses that were not reimbursed under another plan. It is exclusively funded by the employer. FBMC’s PremierHRA offers employers the greatest flexibility in plan design in that it can be coordinated with a medical plan, stand alone or be limited in scope. All parameters are defined in the plan document. Participants can be reimbursed for qualified expenses via check or direct deposit or debit card.

• • Plan design options and recommendations
  • Brokerage and consulting services
  • Pre and post tax voluntary benefits
  • Prepare, distribute and evaluate request for Proposals
  
  
• - Experienced Account Management
• • Experienced Account Manager is assigned
  • Toll-free access for employer's staff
  • Client report package
  
  
• - Enrollment and Fulfillment
• - Internet or Paper Enrollment
• • Internet or paper enrollment
  • On-site group meetings
  • Employee election information exchanged
  • Confirmation packages sent to participants
  
  
• - Award winning Benefit Enrollment Materials
• • Award winning electronic or printed enrollment and communication material
  • Standard or customized materials
  • Enrollment booklets, flyers, newsletters
  • Employer schedules and announcements
  
  
• - Deduction Management
• • Payroll contributions via ACH, wire, check
  • Reconciliation of contributions and posting to customer accounts
  • Discrepancy reporting, full reconciliation and posting contributions
  
  
• - Excellent Customer Service
• • Toll-free bilingual Representatives M–F, 7am to 10pm ET
  • Open Enrollment, New Hire, Change in Status support
  • 24/7 secure internet and IVR Self-service access
  • Account Information, Forms, Instructions, FAQs
  
  
• - Medical & Dependent Care Claim adjudication
• - Flexible plan design options
• • Medical or Bridge HRA,
  • Stand Alone,
  • Limited Purpose,
  • Suspended,
  • Retiree,
  • Retiree Trust
  
  
• - Implementation strategy recommendations
• - IRS-compliant Administration
• • Standard or customized plan documents
  • Regulatory updates
  • HIPAA Certificates
  • Discrimination testing
  
  
• - FICA savings to Employer and Employee