Features of HRA 105

Certain features are essential in an HRA administration system, and we included these features in DataPath HRA 105.

• Has an easy-to-use, comprehensive Proposal system
• Handles multiple benefits under one HRA
• Offers both a Carry-Over Option and a Spend-down Option
• Covers both Linked and Stand-Alone (or Non-Linked) HRAs

Flexibility is crucial when marketing HRAs. Employers are often adamant about how they want their employee benefits administered. With this system, not only can you choose whether or not you want to carry-over unused funds, but you can set the amount or percentage to be carried forward.

The HRA model is appropriate for employers of any size. It allows for simple or sophisticated plan designs and efficient administrative performance independent of the employer's health insurance.

Integration

Because DataPath's HRA system is a fully integrated platform within the DataPath Suite, HRA105 has the following advantages that put it ahead of the rest.

• Administer HRAs in tandem with cafeteria plan administration and allow employers flexible options to supplement their 125 group benefits with an HRA
• Perform batch processing of documents; print, publish to the web and/or send to a fulfillment house for mailing at bulk rates (Operations Management System, DataPath OMS)
• Tie images of faxed claims directly to the claim form within the system (Claim Fax Service)
• Offer distributions through the mySourceCard^®, a limited purpose Debit Card. A single card grants employee access to both HRA dollars and FSA dollars side-by-side
• Benefit stacking ensures that the appropriate purses pay out in the correct order. The mySourceCard^® will increase autosubstantiation, reducing paperwork and stopping the cycle of "pay and chase"

Benefits of HRAs to the Employer

• Defines total dollar commitment up front and on a multi-year basis and then establishes the benefit plan to fit within that overall budget
• Allows for multiple healthcare benefit plans and control over plan design
• Uses premium savings to fund HRAs for participants to reduce "out-of-pocket" risk
• Establishes employee incentive arrangements to encourage consumerism and allows for year-to-year carryover

Benefits of HRAs to the Employee

• Opportunity to choose from a menu of health care benefit plan options
• Places personal value on the benefit selection according to its design and coverage
• Responsibility with ownership, taking an active role within one's own personal benefit management
• Encourages consumerism, shopping for best values in office visits, prescription drugs and simple outpatient procedures

About HRA 105 | HRA 105.com | System Requirements