Optima Design
Optima Design HRA offers employers the simplicity of a fully integrated health plan and HRA funding option combined with the flexibility employers need to design the HRA to achieve their goals.
Employers can offer a variety of core benefit plans which, when partnered with an HRA, incents employees to manage their healthcare dollars and helps employers to better control and predict healthcare costs.
Simplicity for Employers
- Fully integrated HDHP with HRA
- Single enrollment for both plans
- No paper claims
- Online access to HRA fund activity
- Substantiation of eligible expenses
- Promise-to-pay arrangement; no cash up front for employers
- Unused funds are retained by employer if employee leaves the company
Better Control Over Healthcare Costs
- Lower premiums Reduces “over-insurance”
- Improved cash flow
- Decreases over-utilization and yields more predictability in healthcare expenses each year
- Empowers employees to become better consumers as they realize the true costs of healthcare
Tax Advantages
- Employer-contributed HRA funds are tax-free
- No maximum on employer contributions
Benefits for employees
- Employees are not taxed on HRA contributed funds
- Lower premiums
- Financial assistance is available from the employer (from the HRA) for qualified out-of-pocket medical expenses
- No paper claims
- Consumer-friendly online tools for healthcare decision-making and account balances
- HRA funds are tax-free and not considered an additional source of income
Learn about Optima Design – HRA Funding Options
Learn about Optima Design Vantage benefits
Vantage refers to qualified HMO plans
Learn about Optima Design Plus benefits
Plus refers to qualified PPO plans
Learn more about our CDHPs
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