Boosting employee benefits: Why HRAs are a smart choice

Taking care of employees is crucial for attracting and retaining top-tier talent. A progressive company culture, competitive salaries, and traditional benefits will always be a strong foundation for a great workplace.

But if there’s one thing the pandemic taught business owners, it’s that flexibility wins over today’s workforce—and not just when it comes to work schedules. As group insurance costs continue to rise for both employers and employees, tapping government-subsidized funds to control healthcare costs and give employees greater spending power can be a nice upgrade to your benefits package. That’s why more businesses are opting for health reimbursement arrangements (HRAs) to sweeten the employment deal for would-be workers.

 

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