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Health Reimbursement Arrangement (HRA)

An Affordable Option When Insurance Costs Get Out of Reach

As health care and insurance costs skyrocket, you must be constantly on the lookout for health care options that help you and your employees contain costs and increase your focus on wellness. Health Reimbursement Arrangements (HRAs) provide an effective way for your business to reduce its employee health care costs without reducing employee benefits. If you’re looking to change or expand your employee health care options, Peak1 has your HRA solution. By offering Peak1 solutions to your employees, you can better manage health insurance costs, offer greater depth and flexibility in your benefits packages, and promote healthy lifestyles.

Benefits for Your Organization

  • Save money with lower insurance premiums for employees with high-deductible health plans
  • Answer employee questions with the help of free human resources staff and a centralized portal.
  • Save administrative time with an HRA solution that accepts plan changes from payroll systems and handles all HRA plan designs, including deductible, coinsurance, and copayment design options.
  • Offer flexible benefit options to meet every situation with the ability to stack HRAs with FSAs to:
    • cover more expenses
    • offer an employer contribution amount in annual, monthly, or custom accruals
    • customize eligible expenses, deductible and  reimbursement amounts per enrollee and/or family member
    • alter plan rules for enrollees with a loss of eligibility
    • vary your contribution amounts based on your employees’ qualifying tiers
    • manage it all through a single employer portal
  • Go green with direct deposits and eliminate manual, paper-based claims processes.
  • Promote healthier lifestyle choices with increased employee involvement and 100% covered preventative care.
  • Save money on FICA taxes by offering an HRA solution to employees.

Benefits for Your Employees

  • Recognize significant tax savings with pre-tax deductible contributions and tax-free distributions used for qualified plan expenses.
  • Quickly and easily access funds with the Peak1 Visa debit card (if using debit card eligible plan) used at point of sale, or funds directly deposited to a bank account through online distribution.
  • Enjoy secure access to accounts using a convenient consumer portal available 24/7/365.
  • Easily file claims online with the system determining approval based on eligibility and availability of funds.
  • Identify tax savings during the easy, online enrollment process.
  • Stay up-to-date on balances and action required with automated email alerts, convenient portal home page messages, and mobile device account balance access.
  • Get one-click answers to your benefits questions.
  • Protect the environment by using paperless summaries available online.

Our HRA, FSA, and HSA health care account solutions offer easy-to-use online forms, reports, and secure self-service portals that deliver high consumer satisfaction and valuable insight to you.

HRAs offer great benefits

  • You can easily stack HRA accounts with FSA and HSA accounts, customize them to meet your unique needs, and manage them using one integrated portal.
  • Employees enjoy tax-free withdrawals for qualified expenses.


Peak1 Administration: An Award-Winning HRA

CNBC: 2014 HTI HealthDifference™ Award Winners Announced

Peak1 Administration Wins 2014 HTI HealthDifference™ Award

HDA_Logo.jpgPeak1 Administration was recently recognized by the Healthcare Trends Institute (HTI) inaugural HealthDifference™ Awards for contribution to the betterment of the healthcare benefits industry.  Peak1 was the recipient of the 2014 Gold Award for the category of Best Health Reimbursement Arrangement (HRAs). The HTI HealthDifference awards recognize excellence in 12 healthcare benefits categories... Read More