Business Matters September/ October 2017 | Page 19

2.
HEALTH REIMBURSEMENT
ARRANGEMENT (HRA)
Nationwide only 1 out of 10 individuals meet their
deductible in any given year, but end up paying
more to have a lower deductible because they
think it saves them money. The opposite is true.
Our agency experienced double digit increases
year-after-year. After comparing the premium of
our current plan with a $1500 deductible, it made
better financial sense to raise it to $5000. The sav-
ings, a full 40% of the total