Health Reimburstment Arrangements (HRA)

London's HRA is a win-win for you and your employees:
The concept behind London's health reimbursement arrangement (HRA) is to help control healthcare costs for the employer, while maintaining rich benefits for the employees. Our HRA program allows you to: 1) customize your health benefits and costs to fit your company's health insurance needs, 2)maximize your healthcare expenditures, and 3) decrease the health risk of your insurance plan.

How London's HRA helps you:
London's HRA takes advantage of industry trends that reflect, on average, 80% of employees do not use enough medical services each year to reach the high-deductible amounts of their plans. Under our HRA, you implement a higher-deductible plan from your preferred insurance carrier, which will lower premiums significantly per employee per month, and then essentially self-insure the deductible through the capabilities of London Health Administrators. To maintain quality benefits, you can use your savings from the premium reduction to reimburse the percentage of employees (on average 20%) who do reach their deductible. Since you will only reimburse the deductible in the case where the employee uses medical services, there is excess savings that stays in your pocket. The money saved on premiums will be more than the money used to reimburse employee's deductibles.

The London HRA Advantage:
The advantage of working with London's HRA is our ability to adapt our model to your specific group. We can customize our claim payment process to reimburse deductibles and/or copays for medical, dental, vision and prescription coverages. Also, London can implement cost reduction strategies within the HRA, such as, wellness-incentives and preferred-provider arrangements. In order to continue our ability to control your healthcare costs, we apply additional helpful resources, such as, health risk management and utilization reporting. In the end, by using London's HRA, you have the ability to control your health insurance expenditures.

Download the PDF to see the Case Study.