Welcome to Ask an Adviser, EBN’s weekly column in which benefit brokers and advisers answer (anonymous) queries sent in by our readers. Looking for some expert advice? Please submit questions to askanadviser@arizent.com. This week, we asked Linda McCormack, VP of consumer benefits implementation at Clarity Benefit Solutions, to weigh in on the following: What is the difference between an HRA, QSEHRA and ICHRA?
Health Reimbursement Arrangements (HRAs) are a great opportunity for employees to save, manage and spend employer-provided healthcare funds. It’s also an excellent tool for employers to control healthcare costs while still helping employees afford the care they need.
