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As rising health insurance premiums and out-of-pocketcosts for health care are burdening workers, more employers are looking for ways to help their staff put aside money for those expenses. Unlike HSAs and flexiblespendingaccounts, though, HRAs are solely funded by employers.
Even with health insurance, dental insurance and vision insurance, employees tend to end up with some out-of-pocketcosts that aren’t covered by their various plans. A benefit reimbursement plan offers a way to cover these costs. A health reimbursement plan gives employers a way to cover these costs.
Reporting on Pharmacy Benefits and Drug Costs – Group health plans must report information on plan prescription drug spending to regulators, including plan year dates, number of enrollees, each state where coverage is provided, and most common and costly prescription drugs dispensed by the plan. Likely Effective in 2022.
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