Do you have clients who don’t pass underwriting? Or clients with high utilization who are bringing up your rates overall?
PEOs are partnering with Liferaft to offer an affordable Health Reimbursement Account (HRA) to their high-risk clients, allowing you to provide high-quality benefits without additional risk to your pool.
In our 100% digital, HIPPA-compliant platform, companies set up an HRA, offering employees a fixed monthly allowance to purchase their own health insurance plans on the marketplace.
With Liferaft, PEOs can collect a fee on every employee enrolled on the platform.
Our team of experts helps your clients design the right HRA for their needs, handling all the necessary paperwork and guiding employees to the plan that makes the most sense for them.
PEOs are increasing their revenue and diversifying the benefit offerings they can provide for their clients.
Schedule time with our COO, Nimish Shukla to discuss a partnership with your PEO and Liferaft Benefits.
When clients don’t pass underwriting, refer them to Liferaft to set up a HRA. Liferaft will handle all the paperwork, onboarding, and help each employee enroll in coverage.
PEOs collect a fee on every employee who enrolls, helping your business grow, while providing a valuable service to your clientele.
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
What is an HRA? | HRA Requirements & Features | Eligible HRA Expenses | When an HRA Makes Sense | Different HRA Types | States Where HRA Works Best
Learn more about our HRA pricing and features:
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.
Similar to the cost savings of a PEO, an HRA can be a more affordable option for your clients compared to prices on the small group market. Many states offer more affordable insurance plans on the individual market than on the small group market.
PEOs collect a fee on every employee who enrolls on the Liferaft platform, helping your business grow, while providing a valuable service to your clientele.