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With BAS, employers receive an HRA administration solution supported by experienced benefits professionals and the MyEnroll360 platform.
Health Reimbursement Arrangements (HRAs) can give employers flexibility in designing health benefits while helping employees pay for eligible healthcare expenses. But administering an HRA also requires ongoing attention to participant eligibility, claims, reimbursements, plan rules, documentation, and employee questions.
BAS can help.
BAS provides HRA administration through MyEnroll360, giving employers an experienced administrative partner and employees a convenient way to manage their HRA benefits.
HRAs are employer-funded arrangements, and employers have flexibility in determining how their plans are structured within applicable requirements. That means HRA administration is not necessarily one-size-fits-all.
BAS works with employers to administer their HRA according to the terms of the employer’s plan. Rather than requiring HR staff to manage day-to-day reimbursement activity internally, BAS provides the administrative infrastructure and participant support needed to operate the benefit.
One of the most time-consuming aspects of HRA administration is handling participant reimbursement claims.
BAS processes HRA claims and reimbursements, helping remove this responsibility from the employer’s HR team. Participants can submit eligible expenses for review and reimbursement in accordance with the terms of their plan.
Claims are processed regularly, and participants may elect direct deposit for reimbursements. Direct deposit provides a convenient way for participants to receive approved reimbursements without waiting for a paper check.
HRA participants can access their account information through MyEnroll360.
Centralized online access gives participants a convenient resource for managing their HRA while reducing the need for HR to serve as the intermediary for routine account and reimbursement questions.
For employers using BAS for other benefit administration services, HRA administration can also operate within the same broader MyEnroll360 environment used for benefit enrollment and administration.
Even with convenient technology, employees sometimes need assistance understanding their accounts, submitting claims, or checking on reimbursements.
BAS provides participant support for HRA account, claim, reimbursement, and administration questions. Instead of HR having to research individual claims or serve as the primary contact for routine HRA administration, participants have access to BAS for assistance.
An HRA does not operate in isolation. Eligibility information, enrollment activity, plan rules, and other benefits administration functions may all affect how an employee’s HRA is administered.
BAS provides HRA administration as part of its broader benefits administration services. MyEnroll360 supports benefits enrollment and administration, and BAS can coordinate HRA administration with other services provided to the employer.
This integrated approach can help reduce the administrative fragmentation that occurs when employers must coordinate benefits information among multiple systems and vendors.
Offering an HRA can provide employees with a valuable benefit without requiring HR to become the day-to-day administrator.
With BAS, employers receive an HRA administration solution supported by experienced benefits professionals and the MyEnroll360 platform. BAS handles the ongoing administrative processes while providing participants with the tools and support they need to use their benefit.
If your organization currently offers an HRA or is considering adding one, contact BAS to learn how HRA administration through MyEnroll360 can help simplify the process for both HR and employees.
Benefit Allocation Systems (BAS) provides online solutions for: Employee Benefits Enrollment; COBRA; Flexible Spending Accounts (FSAs); Health Reimbursement Accounts (HRAs); Leave of Absence Premium Billing (LOA); Affordable Care Act Record Keeping, Compliance & IRS Reporting (ACA); Group Insurance Premium Billing; Property & Casualty Premium Billing; and Payroll Integration.
MyEnroll360 integrates with major insurance carriers for enrollment eligibility management (e.g., Blue Cross, Blue Shield, Aetna, United Health Care, Kaiser, CIGNA and others), and with leading payroll platforms for enrollment deduction management (e.g., Workday, ADP, Paylocity, PayCor, UKG, and others).
This article is for informational purposes only and is not intended as legal, tax, or benefits advice. Readers should not rely on this information for taking (or not taking) any action relating to employment, compliance, or benefits. Always consult with a qualified professional before making decisions based on this content.