For Employers
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.
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:
Contact sales for more information on free & paid plans.
How it works
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.
Allowances can be used for qualifying medical expenses and healthcare services, including prescription glasses, healthcare premiums, physical therapy, and more.
Our user-friendly 100% digital experience makes it easy for you and your employees to submit a claim and get reiumbursed for eligible expenses.
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.
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.
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
For health expenses
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
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
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
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.