Defined Contribution Employer Health Benefits
Compare Group Plans
Employee Benefits
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| GroupHRA |
Traditional Group Insurance Plan |
| Employees can immediately save 50% of their (or spouse/dependent) participation cost from higher deductible policy |
Only 10% of employees exceed $500 deductible but 100% have to pay for low-deductible coverage |
| Employees receive up to 100% reimbursement for under-deductible expenses, coinsurance, and items not covered by their health insurance |
Employees must pay precious after-tax dollars for under-deductible expenses, coinsurance, and items not covered by their health insurance |
| All approved claims receive reimbursement, with claims exceeding HRA balance paid down monthly |
Claims that exceed current level of benefits at time of service are never reimbursed |
| Employee can choose any medical or dental (optional) provider |
Employee restricted to providers in insurance carrier's network |
| All medical/dental expenses, including coinsurance, are paid with pre-tax dollars |
Out-of-pocket expenses and coinsurance are paid with after-tax dollars, effectively costing employees twice as much |
Employer Benefits
|
| Zane GroupHRA |
Traditional Group Insurance Plan |
| The higher deductible policy immediately saves employers 50% or more on their monthly premium, yet each employee is protected from the high deductible with an HRA |
Employer pays full monthly premium for all employees regardless of utilization even though only 10% exceed $500/year in benefits. |
| No cost to employer until, and if, employee submits approved claim |
Many employees leave before receiving any benefits |
| 100% of reimbursement goes directly to employee |
Employer pays insurance carrier for benefits that are mostly unused and expire each year |
| Claims approved for amounts larger than HRA balance are automatically paid down monthly—one reason why the "R" in GroupHRA stands for Recruiting and Retention |
No benefit after initial claim—no reward for tenure or incentive to stay with the company |
| Employer chooses the lowest-priced high-deductible health insurance policy for all employees, then customizes HRA benefits for each Class of employees |
Employer has multiple health insurance plan options that cost time and money to administer, and limited choices at renewal time to maintain benefits |
| Employers customize deductible, coinsurance, and benefits for each class of employees based on recruiting and retention requirements |
Limited Plan Designs available—one size does not fit all |
Thousands of employers have obtained better employee benefits with GroupHRA.
Contact your local GroupHRA representative for examples in your area.