With Blue Options HRA, you allocate dollars for employee use but you don't need to actually fund the account until claims are incurred. You decide if you want HRA funds to be used for 213(d) allowable expenses or for health plan services only. You can make those funds available monthly, quarterly or annually. If an employee uses all of the funds in their HRA, then they are responsible for all additional health care expenses out-of-pocket until the plan deductible is met. After the deductible is met, employees are responsible for any applicable coinsurance.
You can choose to offer first dollar preventive care benefits. You can waive the deductible for preventive care and cover it at 100% or your chosen coinsurance percentage. That means your employees will be covered for a variety of common services vital to good health including:
With our Auto Pay option, you can elect to have employees or providers paid directly from the employee's HRA, eliminating the need for filing claims for plan expenses. You can also elect to roll over any HRA reimbursement dollars not spent during the year. You can even add a flexible spending account (FSA) to your benefits plan and decide which funds are utilized first. We've designed Blue Options HRA to be customizable to your benefits strategy.
You can offer your employees a debit card for even greater convenience in paying for their eligible out-of-pocket health care expenses. Employees won't have to submit a claim for reimbursement. They'll make one simple payment with their debit card.