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For Employers

Health Expense Account

Reimburse your employees tax-free for their healthcare expenses, including both health insurance premiums and/or out-of-pocket medical expenses.

A Liferaft Health Expense Account is fully customizable based on what makes the most sense for your organization. With Liferaft, you can easily start offering benefits for the first time, provide flexible individual plans to remote or distributed teams, or expand your current coverage to include things like mental healthcare, fertility care, and more.

Our team will handle all the documentation needed to properly set up your account—making it easy for you to benefit from all available tax advantages.

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How it works

Clear and straight to the point.

1

Design your benefit

Decide how much tax-free money to offer each month, which expenses should be eligible for reimbursement, or offer various benefits to different employee groups.

2

Employees purchase qualifying expenses

Allowances can be used for qualifying medical expenses and healthcare services, including prescription glasses, healthcare premiums, physical therapy, and more.

3

Employees reimbursed

Our user-friendly 100% digital experience makes it easy for you and your employees to submit a claim and get reimbursed for eligible expenses.

Why Employers Manage Their Benefits With Liferaft

Available for all employers

Group health insurance coverage can be complex, restrictive and have unpredictable costs. With Liferaft, simply set a monthly benefit allowance and employees can use their benefits on any qualified medical expense they choose, without facing annual rate hikes or strict requirements.

Cost-effective

Many states offer more affordable insurance plans on the individual market than on the small group market. With a Liferaft Health Expense Account, you can fund all or part of your employees' health insurance costs with pre-tax dollars, freeing up budget without sacrificing benefits.

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Flexible

Employees choose how to use their benefits, rather than being stuck in a one-size-fits-all group health insurance plan. This flexibility allows employees to tailor their coverage to fit their personal health, budget, and family situation.

HEALTH EXPENSE ACCOUNTS

How Businesses Are Using Liferaft to Rethink Health Benefits

COST SAVINGS

The same coverage for $150k less

This business used a Liferaft Health Expense Account to reimburse employees for their individually-purchased health insurance premiums—ultimately providing the same level of coverage for $150,000 less each year.

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SUPPLEMENTING COVERAGE

Supporting fertility and mental health care costs

Traditional insurance plans often don’t cover fertility or mental health care costs. So this business chose to supplement its current health insurance plan with expanded coverage for IVF, abortion care, mental health treatment, and birth control.

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FLEXIBLE BENEFITS

Giving remote teams more flexibility in their health plan

With a remote workforce all around the country, finding a plan everyone liked was challenging. With Liferaft, employees purchased plans that worked for them, then were directly reimbursed through our 100% digital platform.

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FIRST TIME

Just beginning to offer health benefits

With only three employees, this business struggled to find a group plan that would accept them. But, with Liferaft, they quickly started offering health insurance to the team and their dependents. Plus, they were able to easily add new employees as their business grew.

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