Whether you’ve been offering health benefits for years or always wished you could, Welly makes it easy to give your employees better coverage without all the baggage of traditional group plans.
Set up your health benefit in minutes by deciding which employee groups should be eligible, how much tax-free money to offer each month, and which medical expenses qualify.
Employees can use their allowance toward the qualifying medical expenses that meet their needs best, including insurance premiums and deductibles, medication, dental exams, eye care, and more.
Welly’s online benefit hub makes it a snap for employees to enroll in your HRA, pick a tailored insurance plan, find quality care when they need it, and get reimbursed for eligible expenses.
Appointment based, provider-driven practices such as dental, optical, mental health, physical therapy, dermatology, primary care, and other medical specialties.
Residential care facilities including skilled nursing and assisted living communities, rehab centers, and home care agencies.
Childcare, hospitality, retail, education, legal, salon, restaurant, recreation, spa, and other independently owned & operated local businesses.
Budget conscious businesses trying to do a lot with a little, those with limited funds for employee benefits, and other mission-driven organizations.
A Health Reimbursement Arrangement (HRA) is a type of federally recognized employer-funded health plan that reimburses employees for qualified medical expenses, up to a specific amount set by the employer each year. Any unused funds can be retained by the employer or rolled over to the next year. Funds are not subject to employer payroll tax or employee income tax, so long as certain conditions are met.
Welly makes it easy & affordable to design, implement, and maintain a qualifying Health Reimbursement Arrangement.
A qualified small employer HRA is a great fit for businesses with fewer than 50 employees looking for a simple, straightforward benefit.
An individual coverage HRA is ideal for employers of any size wanting to offer a more tailored benefit for specific groups of employees.