HRAs for a Changing World: Helping current and off-boarded employees buy individual coverage
Date & Time: Tuesday, May 19, 2:00 pm ET
Jay Kirschbaum, VP, Compliance Services, Lockton
Ben Conley, Partner, Seyfarth Shaw
Sherri Bockhorst, SVP, Innovation & Strategy, Businessolver
In an economy ravaged by COVID-19, post-employment health reimbursement arrangements (HRAs) have taken on a new importance. As an alternative to COBRA subsidies, more employers are turning to HRAs as part of their off-boarding process—a strategy which demonstrates empathy at time when benefits have never been more important.
Prior to the pandemic, HRAs began attracting a renewed attention for a different reason. With the availability of individual coverage HRAs (ICHRAs) on Jan. 1, 2020, HR teams and risk management strategists finally had access to a true defined contribution approach to helping their employees pay for coverage on the open market.
Never before have HRAs provided employers with quite so many options. But with options, come questions. Join our May 19 webinar, HRAs for a Changing World, to learn:
- How market forces and COVID-19 may impact your strategy
- Pros and cons of introducing and administering HRAs
- Tips for navigating new ICHRA compliance requirements