Health Reimbursement Arrangement

Comprehensive benefits at a lower cost.

A Liferaft Health Reimbursement Arrangement (HRA) 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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Curious how much Liferaft Benefits can save your business?

Our dedicated team will analyze your existing benefits offering and detail how Liferaft can provide you the same level of benefits for less.

In your free analysis, you will receive:

A review of your current existing health insurance-related costs
Potential replacement plans and total cost
Optional additional benefits
Total savings per year and per employee

How a Health Reimbursement Arrangement works

Clear and straight to the point.

1

Design your employee benefits

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.

Download your guide to flexible & affordable health insurance.

Group health can be complex, restrictive, and costly — Liferaft offers something different. Liferaft’s 2023 Whitepaper on HRAs is the most comprehensive guide available, giving you what you need to determine if an HRA makes sense for your business.

Guide Contents

Why employers manage their
benefits with Liferaft

Learn more about our HRA pricing and features:

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Group health insurance for all employers

With an HRA, employers can set up affordable benefits regardless of their underwriting status. Each employer chooses a monthly benefit allowance and employees can use their benefits on any qualified medical expense they choose — including insurance premiums — without facing annual rate hikes or strict requirements.

Cost-effective health insurance

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

A flexible benefit for employees

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 Administration

How businesses are using Liferaft to rethink health benefits.

COST SAVINGS

The same coverage for $150k less

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

SUPPLEMENTING COVERAGE

Supporting fertility and mental health care costs

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

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.

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.