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Defined Contribution Employer Health Benefits

Example Savings

Actual 2008 Example: 38-person employer in Pennsylvania

Original Benefits
Low-Deductible Group Policy $210,000/year
Dental/Vision Coverage $20,000/year
Total Cost $230,000/year
 
New GroupHRA Solution
Similar Group Policy with
$5,000 Annual Deductible
$84,000/year
GroupHRA with average
$3,300 Annual Allowance*
$37,000/year
GroupHRA Administration Fees $5,500/year
Total Cost w/ GroupHRA $126,500/year
 
Net Savings Annual Savings $103,000
(45% of original cost)

*30% utilization including dental/vision


Frequently Asked Questions about GroupHRA



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What is GroupHRA?


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Defined Contribution          Small Business Health Insurance          Health Reimbursement Arrangements          HRA