What is a GCHRA?
GCHRA stands for group coverage health reimbursement arrangement. This is also known as an integrated HRA.
It's an employer-funded health benefit designed to supplement your existing group health insurance policy. This allows employers to reimburse their employees tax-free for out-of-pocket medical expenses their group plan doesn't cover. This can include copays and pre-deductible costs.
By combing a group health plan with a GCHRA, you can stretch your benefit dollars while helping your employees cover their out-of-pocket expenses. It's a flexible and low-cost way to boost your retention efforts.
Visit PeopleKeep.com to learn more.
Guide to the GCHRA: https://www.peoplekeep.com/group-cove...
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