HRA/Split Funding
Split Funding has been a successful alternative for many clients seeking a health care plan with benefits similar to a fully insured plan but at a much lower cost!
CPI-HR has implemented hundreds of complex Section 105 Health Reimbursement Arrangements (HRAs) since 2001, making us one of the most prominent agencies and administrators in our market servicing Consumer Driven Health Plans.
Utilizing an HRA allows you to set aside a specified pool of non-taxable dollars to reimburse employees for defined amounts of medical expenses that they or their families incur during the year, before their deductibles have been satisfied.
Read one of our case studies on how CPI-HR’s unique Split Funding approach to HRA Administration has saved our clients on average 23% in total health care costs from equivalent fully insured plans.
CPI-HR's Split Funding of employer-funded Health Reimbursement Arrangements offers:
- Multiple benefit options
- Multiple benefit designs (medical, dental, vision, wellness, etc.) with different deductibles
- Co-insurance rates and co-pays for each benefit option
- Roll-overs all customizable by plan
The Split Funding model can work for employers of any size and can be utilized as a stand-alone benefit or in conjunction with our products through our seamless debit card integration and management.
Request a Quote today or schedule a Free Consultation to learn more about the Split Funding process.
