There has been one theme that is growing the past few years and that is how expensive it is to provide health insurance if you are a small business employer. Western Heritage has heard of numerous stories about how employers can’t keep paying those hefty premiums for their group health insurance policies.

There is GOOD NEWS! Many small businesses are now looking into and doing HRA’s for providing health insurance for their employees.

What is an HRA?

HRA stands for Health Reimbursement Arrangement. This is an arrangement between the employer and employee on how much of the premium the employer is going to pay out for health insurance.

The following are benefits of doing and HRA:

• Employers save 20 - 40%
• Tax Benefits for the employer
• Employees get more options for their health insurance
• Employees can take their health insurance with them without COBRA

Give Western Heritage a call to get more information on how an HRA can benefit your small business @ 800-473-6968