Why SBA for HRA Plan Administration?
HRAs, while not a particularly complicated concept, have some tricky provisions and can be confusing for participants. Three versions of the HRA, the Qualified Small Employer HRA (QSEHRA), the Individual Coverage HRA (ICHRA) and the Excepted Benefit HRA (EBHRA) provide employers of all sizes more flexibility in offering an HRA to employees regardless of the presence of a group medical plan.
Additionally, as HRAs are a COBRA eligible benefit, if SBA is also the COBRA administrator, we can automatically calculate the HRA COBRA premium.
What should you know about HRAs?
QSEHRAs, ICHRAs & EBHRAs
Please see our side-by-side comparison for an outline of the differences between these programs.