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AMERA | HRA
“Bridging the Way.” AMERAPLAN has simplified administration of high deductible health plans by creating AMERA | HRA, a proprietary product that enables employers to purchase high deductible health plans that significantly reduce insurance premiums without changing employee benefits!
AMERA | HRA
Are you pre-paying for healthcare benefits that your employees never use?
In a recent nationwide healthcare study, it was discovered that 70% of the population spends less than $500 per year on healthcare. Does it make sense financially to keep pre-paying for high-cost healthcare plans that carry little or no deductibles and out-of-pockets when the majority of your plan participants are not utilizing these benefits? Employers already know the answer to this question but are faced with a more important dilemma. How do we compete for a workforce and/or maintain union contracts if we strip away or change the one thing that our employees rely on the most – their benefits? The answer is AmeraGap.
What is AMERA | HRA?
AMERA | HRA is our proprietary product that combines a fully insured, high deductible health plan (HDHP) with Third Party Administration, to create a health plan that significantly reduces premiums without having to change employees' benefit levels.
How it Works
- The Employer purchases a high deductible health plan (HDHP) that significantly reduces their insurance premiums. See Exhibit A.
- The Employees maintain their current benefit levels.
- The Employer self-funds (subsidizes) the employees' deductible only when utilization (surgeries, lab work, hospitalization) occurs.
- Our Third Party Administrator (T.P.A.), AMERAPLAN, administers the plan on behalf of the employer.
Benefits of AmeraGap
- Insurance premium reductions as high as 49%
- Employees' benefits remain the same
- Our T.P.A. administers the “Gap Plan”
- Works with all insurance carriers
- No employer and employee pre-funding
Why AmeraGap?
- AMERAPLAN pays providers direct
- Employees don’t have to pay and chase for reimbursements
- Hassle free Third Party Administration
- Custom benefit plan design capabilities
- Proven long-term strategy to manage healthcare spending
- Works with both HMO and PPO plans
- Great alternative to an HRA/HSA
- High Deductible Health Plans receive lower annual rate increases
- We capture Group’s claims experience for budget forecasting and reporting
- 800-Customer Service
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