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For Employers

Smart & Flexible Benefits

Explore the modern way to distribute employee benefits—saving on costs and increasing employee flexibility. Liferaft's products are fully customizable based on what makes the most sense for your team.

Open a Health Expense Account with Liferaft to easily reimburse your employees pre-tax for their healthcare expenses, including both health insurance premiums and/or out-of-pocket medical expenses.

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 reiumbursed 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.

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.

HRA Options

Explore Which Account Is Best For You

For health expenses

Standard HRA

Companies of all sizes may offer a standard HRA, which reimburses qualified medical expenses, including deductibles, copays, prescriptions, dental and vision expenses—but not health insurance premiums. The employer can contribute any amount to the account with no federal limit.

For healthcare premiums

Individual Coverage HRA (ICHRA)

An ICHRA can be customized to provide employees in different classes different benefits. Avaialble to organizations of any size, an ICHRA is a great option for businesses with employees in many states.

For small businesses

Qualified Small Employer HRA (QSEHRA)

Great for small businesses starting to offer health benefits or frustrated by annual cost increases and limited employee flexibility with their group plan.

For dental and vision

Dental/Vision HRA

Available to employers of any size, this HRA is an alternative to traditional insurance coverage, reimbursing employees' out-of-pocket expenses for dental and vision care, including insurance premiums, copays, deductibles, and coinsurance.

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