Health Reimbursement Arrangements
Discovery Benefits is the perfect choice for HRA administration, because our multiple plan design options, experience and expertise in consumer directed health care work to provide a seamless HRA solution.
Discovery Benefits Advantages:
One platform for delivery of HRA, FSA and HSA administration: Our technology simplifies HRA administration by providing several different plan design options to fit most employer’s needs. We also coordinate the HRA with FSAs and HSAs through a single platform and offer retiree HRAs and limited HRAs.
We Simplify Administration and Compliance: Discovery Benefits provides updated HRA plan documents and Summary Plan Descriptions as needed when there’s a benefit design or regulation change. A completed 5500 form is provided for employers. FSA and HRA benefits are designed to coordinate with one another, allowing for automated claim adjudication between the two accounts based on the employer’s plan design.
We Educate and Inform Employers and Participants: Discovery Benefits is available to conduct group meetings. We offer an employer and employee web portal for accessing account information and reporting. Plus, employee and employer resource guides are provided to explain how the flex plan works.
Sample HRA plan designs available (all available with FSA administration)
| Standard HRA |
| Eligible Reimbursement: |
IRS Eligible Expenses |
| Member Reimbursement Limits |
| Eligible Reimbursement: |
Deductible Only |
| HRA Deductible Type: |
Member |
| HRA Deductible per Member: |
Set $ before accessing HRA funds |
| HRA Deductible per Family: |
Set $ before all members can access HRA funds |
| Deductible Only Family |
| Eligible Reimbursement: |
Deductible Only |
| HRA Deductible Type: |
Family |
| Deductible Only Per Member |
| Eligible Reimbursement: |
Deductible Only |
| HRA Deductible Type: |
Member |
| HRA Deductible Max per Member: |
Set $ before accessing HRA funds |
| Deductible Only Family/Per Member |
| Eligible Reimbursement: |
Deductible Only |
| HRA Deductible Type: |
Member |
| HRA Deductible Max per Member |
Set $ before accessing HRA funds |
| HRA Deductible Max per Family |
Set $ before all members can access HRA funds |
| Co-Payment |
| Eligible Reimbursement: |
IRS Eligible Expenses |
| Co-payment applied to eligible expense: |
Set $ |
| % of claim reimbursed from HRA: |
Set % |
| Co-Payment by Expense |
| Reimbursement Copayment 1: |
All non-RX IRS Eligible Expenses |
| Co-payment applied to eligible expense: |
Set $ |
| % of claim reimbursed from HRA: |
Set % |
| Reimbursement Copayment 2: |
RX Claims |
| Co-payment applied to eligible expense: |
Set $ |
| % of RX claim reimbursed from HRA: |
Set % |
| Co-Payment Family |
| HRA Deductible Type: |
Family |
| HRA Deductible Max per Family |
Set $ |
| Expense Carve Out |
RX |
| % Paid on Carve Out Expense |
Set % |
| Copayment applied to RX Expense |
Set $ |
| Co-Insurance |
| Eligible Reimbursement: |
IRS Eligible Expense |
| HRA Coinsurance paid by Member |
Set % |
| Retiree HRA |
| Limited HRA (HSA compatible) |