Health Reimbursement Arrangements (HRAs) are a creative option for household employers with a range of budgets who want to offer a contribution program for health-related expenses as an employee benefit.

GTM is offering household employers a revolutionary way to help provide healthcare benefits to your employee.

HRAs really are the best news in healthcare benefits and in the household employment industry for many years - whether you use an HRA as a standalone option or combine it with a major medical insurance plan.

HRAs are flexible, convenient, and cost-effective, offering:

• Freedom of choice to help control healthcare costs for your employee
• Freedom of control making your employee accountable for the management of their medical treatments
• Convenient roll-over feature so you don't lose your contributions at the end of the year, or when an employee leaves
• Flexible budget options - contribution amounts that you determine
• Versatile - an HRA can be used alongside other savings accounts and health options and can be used to fund insurance premiums and deductibles
• Popular with the employee - HRAs use employer contributions not employee salary deductions

HRAs allow employees and employers to take advantage of the lower premiums offered by high-deductible major medical plans and help keep healthcare costs under control.

The employee becomes more self-reliant, aware of healthcare issues, and develops better judgment with health-related costs and arrangements.

The employer offers a useable, affordable employment benefit to their employee that helps recruit and retain the best employees, but doesn't break the bank.

An HRA is a win-win for everyone!

WHAT'S INVOLVED?
Employer contribution

• Define an amount per year you want to contribute for your employee(s)
• Set up a GTM HRA account. Your contribution is automatically drawn into a GTM account for your employee on a pay period basis
• Inform your employee of the contribution amount and how they can use the money
• Check quarterly GTM statements to keep track of the account

Employee tasks

• Read and understand the HRA account plans and what medical expenses are eligible for reimbursement
• Keep a receipt and record of medical expenses for you and your dependents
• Send in claims for reimbursement promptly
• Access the HRA account online to manage expenses

If you are interested in health options listed above, please contact us at 888-432-7972 or complete this form and fax it back to us at 518-836-2555.

To inquire about the HRAs available to you, click here.