Health Reimbursement Account

Health Benefits Company Gravie Introduces First-of-Its-Kind Zero-Copay, Zero-Deductible Employer-Sponsored Health Plan

Retrieved on: 
Wednesday, July 8, 2020
Employee benefits, Health insurance, Healthcare in the United States, Employee compensation in the United States, Healthcare reform in the United States, Self insurance, Articles, Economy, Health Reimbursement Account, Health insurance in the United States

MINNEAPOLIS, July 8, 2020 /PRNewswire/ -- Gravie , an innovative health benefits company, today introduced thefirst-of-its-kind zero-deductible, zero-copay health plan.

Key Points: 
  • MINNEAPOLIS, July 8, 2020 /PRNewswire/ -- Gravie , an innovative health benefits company, today introduced thefirst-of-its-kind zero-deductible, zero-copay health plan.
  • Gravie Comfort represents a new model for employer-sponsored health plans, offering full coverage for most services on day one of the plan.
  • "The majority of individuals who get their health insurance through their employer are frustrated bythe continuing reduction in the level of coverage that their health benefits offer," said MarekCiolko, CEO of Gravie.
  • With Gravie, employers no longer have to navigate the complexities of the health benefits industry on their own, and employees have access to better, more tailored benefits that they can actually use.

DataPath Wins 2020 AVA Digital Gold Award

Retrieved on: 
Tuesday, June 9, 2020
Corporate taxation in the United States, Employee compensation in the United States, Health Reimbursement Account, Healthcare in the United States, Digital health, Articles

LITTLE ROCK, Ark., June 9, 2020 /PRNewswire-PRWeb/ -- DataPath, Inc., a leading developer of technology solutions for employer-sponsored benefits, has been named an AVA Digital Gold Award winner for the second year in a row.

Key Points: 
  • LITTLE ROCK, Ark., June 9, 2020 /PRNewswire-PRWeb/ -- DataPath, Inc., a leading developer of technology solutions for employer-sponsored benefits, has been named an AVA Digital Gold Award winner for the second year in a row.
  • The AVA Digital Awards recognize excellence by creative professionals who plan, direct, design and produce digital communications.
  • DataPath received the 2020 Digital Gold Award for its video, Betty the Benefactress Explains HRAs , which explains the different kinds of Health Reimbursement Accounts and how they work.
  • The firm also won a 2019 AVA Digital Gold Award , a 2019 Marcom Award , a 2018 Digital Health Gold Award from the Health Information Resource Center (HIRC), and multiple National Health Information Association (NHIA) Awards .

Conduent Redesigns BenefitWallet® App to Support COVID-19 Related Government Changes to Health Accounts

Retrieved on: 
Wednesday, May 27, 2020
Healthcare in the United States, Employee compensation in the United States, Tax, Articles, Personal finance, Flexible spending account, Health savings account, Health Reimbursement Account, HSA, HRA, Employee benefits, FSA debit card

The enhanced app comes at a time when rules around Health Savings Account (HSA), Flexible Spending Account (FSA) and Health Reimbursement Arrangement (HRA) accounts are impacted by COVID-19 related IRS and legislative changes.

Key Points: 
  • The enhanced app comes at a time when rules around Health Savings Account (HSA), Flexible Spending Account (FSA) and Health Reimbursement Arrangement (HRA) accounts are impacted by COVID-19 related IRS and legislative changes.
  • With a new look and a more intuitive interface, the redesigned BenefitWallet app allows members to easily take advantage of government changes for HSA, FSA and HRA accounts, said Todd Berkley, Vice President and Portfolio Leader, BenefitWallet, at Conduent.
  • Conduent has also launched a COVID-19 microsite to help members stay informed about changes impacting their BenefitWallet health accounts.
  • BenefitWallet offers a personalized and simplified approach to help members manage their health care costs and accumulate wealth with tax-advantaged health accounts.

Gravie and KBA Partner to Help More Employers Take Advantage of ICHRA Health Benefits

Retrieved on: 
Tuesday, May 26, 2020
Economy, Money, Finance, Employee benefits, Healthcare in the United States, Insurance, Employee compensation in the United States, Health Reimbursement Account

KBA intends to bring this innovative tax-advantaged employee health benefits solution to employers across the nation.

Key Points: 
  • KBA intends to bring this innovative tax-advantaged employee health benefits solution to employers across the nation.
  • New in 2020, ICHRA regulations allow employers to give tax-advantaged dollars to their employees, which they can use to buy a health insurance plan in the individual market.
  • The partnership with KBA allows Gravie to expand its already considerable presence in the market.
  • "We are thrilled to partner with KBA to bring this new way of offering health insurance to employers across the country.

PeopleKeep Releases Health Reimbursement Arrangement Product for Employers Offering Group Health Insurance

Retrieved on: 
Tuesday, May 12, 2020
Healthcare in the United States, Employee compensation in the United States, Economy, Finance, Corporate taxation in the United States, Health Reimbursement Account, Health in the United States, Health insurance, Insurance, Private exchange, Health savings account

SALT LAKE CITY, May 12, 2020 /PRNewswire/ --PeopleKeep released today its latest product, the Group Coverage Health Reimbursement Arrangement (GCHRA), which allows employers offering a group health policy to supplement their employees' out-of-pocket expenses tax free.

Key Points: 
  • SALT LAKE CITY, May 12, 2020 /PRNewswire/ --PeopleKeep released today its latest product, the Group Coverage Health Reimbursement Arrangement (GCHRA), which allows employers offering a group health policy to supplement their employees' out-of-pocket expenses tax free.
  • PeopleKeep now offers three HRA solutions: the qualified small employer HRA (QSEHRA), for employers with fewer than 50 employees; the individual coverage HRA (ICHRA) for employers of all sizes; and the Group Coverage HRA (GCHRA) for employers offering group health coverage.
  • The GCHRA is specifically designed for employers currently offering traditional group health insurance.
  • The GCHRA is now available to all employers offering traditional group health insurance regardless of their insurance renewal date.

PeopleKeep Issues Report Following The First 90 Days Of The Individual Coverage HRA

Retrieved on: 
Wednesday, April 15, 2020
Economy, Healthcare in the United States, Employee compensation in the United States, Money, Finance, Expense, Corporate taxation in the United States, Health Reimbursement Account, Health insurance, Reimbursement, Out-of-pocket expense, Employee benefits

SALT LAKE CITY, April 15, 2020 /PRNewswire/ --PeopleKeep released its report, What We've Learned In The First 90 Days Of The Individual Coverage Health Reimbursement Arrangement (ICHRA).

Key Points: 
  • SALT LAKE CITY, April 15, 2020 /PRNewswire/ --PeopleKeep released its report, What We've Learned In The First 90 Days Of The Individual Coverage Health Reimbursement Arrangement (ICHRA).
  • The report looks at how employers throughout the United States have used the benefit in the first 90 days of its availability and compares key results to the qualified small employer health reimbursement arrangement (QSEHRA).
  • The ICHRA is a new health reimbursement arrangement (HRA) that enables employers to reimburse employees for individual health insurance premiums and out-of-pocket expenses.
  • The new HRA became available January 1, 2020 to employers of all sizes.

Former BCBS Executive Joins Paytient - a Fintech Working to Help the Nearly 140 Million Americans Experiencing Financial Hardship Due to Medical Bills

Retrieved on: 
Thursday, March 12, 2020
Professional services, Health, Hospitals, Insurance, Managed care, Finance, General Health, Employee benefits, Health insurance in the United States, Healthcare in the United States, Health Reimbursement Account

Paytient has launched the first interest-free payment solution to help employees avoid medical debt.

Key Points: 
  • Paytient has launched the first interest-free payment solution to help employees avoid medical debt.
  • We are very excited about this partnership, and about what it means for Paytients ability to help Americans strengthen their physical, mental and financial health.
  • He earned a medical degree from the University of Illinois at Chicago and a Juris Doctor degree from Northwestern University.
  • Paytient is an employer sponsored benefit that enables employees to manage out-of-pocket medical expenses by providing interest-free payment plans.

PeopleKeep Releases 2020 Report on How Nonprofit Organizations Use The Qualified Small Employer HRA

Retrieved on: 
Wednesday, March 11, 2020
Nonprofit organization, Social economy, Health Reimbursement Account, Articles, Economy

SALT LAKE CITY, March 11, 2020 /PRNewswire/ --PeopleKeep has released its most recent annual report on how nonprofit organizations used the qualified small employer health reimbursement arrangement (QSEHRA) in 2019.

Key Points: 
  • SALT LAKE CITY, March 11, 2020 /PRNewswire/ --PeopleKeep has released its most recent annual report on how nonprofit organizations used the qualified small employer health reimbursement arrangement (QSEHRA) in 2019.
  • It details usage trends for more than 200 individual nonprofit organizations and demonstrates how they prioritize health benefits as they grow.
  • "Nonprofit organizations operate in a very distinct way," said Victoria Hodgkins, CEO of PeopleKeep.
  • That is why we created a distinct annual report for nonprofit organizations using the QSEHRA.

Benefitfocus Announces Plan to Support Implementation of ICHRA for Employers, Medical Carriers

Retrieved on: 
Wednesday, February 12, 2020
Economy, Money, Finance, Employee compensation in the United States, Healthcare in the United States, Insurance, Insurance industry, Employee benefits, Health insurance, Health Reimbursement Account

Each class of employee can only receive either the group plan or an ICHRA.

Key Points: 
  • Each class of employee can only receive either the group plan or an ICHRA.
  • ICHRAs can be used to reimburse premiums for individual health insurance chosen by the employee, among other medical care expenses.
  • Benefitfocus plans to provide the necessary offerings and customer service to support ICHRA implementation as part of its support for open enrollment later this year.
  • Benefitfocus solutions can facilitate the migration of a consumer from a group plan offering to a carrier's individual plan offerings, greatly increasing the potential for member retention at the time the ICHRA is implemented.

PeopleKeep Releases Third Annual Report Detailing User Trends For The Qualified Small Employer HRA

Retrieved on: 
Wednesday, February 12, 2020
Employee compensation in the United States, Healthcare in the United States, Corporate taxation in the United States, Health Reimbursement Account, Employee benefits

SALT LAKE CITY, Feb. 12, 2020 /PRNewswire/ --PeopleKeep has released its third annual usage report on the qualified small employer health reimbursement arrangement (QSEHRA) benefit.

Key Points: 
  • SALT LAKE CITY, Feb. 12, 2020 /PRNewswire/ --PeopleKeep has released its third annual usage report on the qualified small employer health reimbursement arrangement (QSEHRA) benefit.
  • This year's report provides year-over-year comparisons, which hint at trends for health benefit budgeting in addition to state-specific trends and statistics.
  • "It's gratifying to see employers allocate HRA allowances that make a difference for their people," said Victoria Hodgkins, CEO at PeopleKeep.
  • PeopleKeep encourages small business and organization leaders to review the full report to make more informed budgeting and employee-retention decisions.