WPS HRA Plan

With the WPS HRA Plan, you can save on health plan costs by offering a high-deductible health plan while providing a financial cushion for your employees to protectagainst high out-of-pocket medical costs.

What is an HRA?
Health Reimbursement Arrangements (HRAs) are flexible, federally-approved accounts you can offer with your company health plan. You place money in your employees’ HRA accounts, so the funds are tax-deductible for you. Your employees can use the funds to help pay for qualified out-of-pocket medical expenses.

With the WPS HRA Plan you can:

• Control health insurance costs.
• Generate tax savings for your business.
• Design a health plan to fit your budget and the needs of your employees.
• Teach employees about the true cost of health care.
• Give employees material incentive to engage in proactive self-care and to stay healthy.