Health care costs have been on the rise for years. Everything from prescription medication to office visits to insurance premiums seem to be going up, with no end in sight. Costly health care expenses not only impact American families and workers who need access to medical care, but also impact businesses of all sizes who offer health insurance coverage to their employees.
Health reimbursement arrangements (HRAs) are a trending alternative that provide employers more control of their cash flow related to health care coverage, while still offering benefits to their employees that fit their needs.
|The history of HRAs
While payment arrangements for health care have been in place since the Civil War, the first versions of today's HRA plans started to appear between the 1960s and 1990s, when employers opted to reimburse employees for medical expenses that weren't covered by their health benefits plan.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
