Employers wanting to offer healthcare to their employees without purchasing a traditional group health insurance plan have other health benefits options. One of these options is a medical expense reimbursement plan, or MERP.

In this video, I’ll explain what an MERP is and the various types of plans you can offer.

Learn more in our blog post: https://www.peoplekeep.com/blog/what-...

CHAPTERS:
0:00 - Introduction
0:27 - What is an MERP?
0:56 - How do MERPs work?
2:31 - What types of medical expense reimbursement plans are there?
3:42 - How PeopleKeep can help
4:17 - Conclusion

A MERP is any IRS-approved health plan or arrangement where an organization reimburses employees for out-of-pocket medical expenses incurred by employees or their dependents. With an MERP, organizations typically offer an allowance of tax-free money instead of a traditional health benefit like group health insurance. However, you can use an MERP alongside a group health plan.

The definition of a MERP is relatively broad, so several different types of employer-funded medical reimbursement plans fall within this umbrella term.

Here are a few common ways employers use MERPs:
- A stand-alone health reimbursement arrangement (HRA), like a qualified small employer HRA (QSEHRA) or individual coverage HRA (ICHRA)
- An integrated HRA that pairs with a group health insurance plan
- MERPs for vision and dental expenses

If you're an employer looking to provide employee benefits through HRAs, PeopleKeep can help! Our personalized benefits administration platform makes managing your benefits easy.

Learn more here: https://www.peoplekeep.com/

Since starting in 2006 as Zane Benefits, we've helped thousands of organizations offer affordable benefits to their employees.

#healthinsurance #healthcare #hra #employeebenefits