What is an integrated HRA, or GCHRA?
An integrated HRA, also known as group coverage HRA (GCHRA), is a health reimbursement arrangement (HRA) specifically designed for employers offering a group health insurance plan.
Through a GCHRA, employees can get reimbursed for the out-of-pocket costs that aren’t covered in their group health insurance plan. An integrated HRA is a tax-free reimbursement method for employers to cover the eligible healthcare expenses not fully covered by group health insurance, such as deductibles, coinsurance, and copayments.
While many integrated HRAs are offered through health insurance companies, other benefit administrators such as PeopleKeep offer them so that they can be paired with any group health plan.
Learn more about integrated HRAs: https://www.peoplekeep.com/group-cove...
About PeopleKeep:
PeopleKeep is a personalized benefits administration software company. We serve small and midsize employers across many industries ranging from nonprofits, to high tech, to engineering. Because our software is intuitive and can be managed in minutes per month, we make providing benefits more accessible to organizations that do not want to manage complex and tedious administrative tasks.
#IntegratedHRA #GCHRA #GroupCoverageHRA #HRA #PeopleKeep