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HOW IT WORKS <br />A Funded HRA is a flexible tax-free benefit solution that maximizes both the employer's and employee's interests. Unused <br />HRA funds roll over each year and can continue to gain earnings and interest. This allows the participant to build a <br />savings reserve for future health care expenses. The Funded HRA eliminates several steps in the process by streamlining <br />administration. The result is a better user experience, increased visibility, and lower fees. <br />Peak One VEBA Features: <br />ABOUT PEAK ONEVEBA ADMINISTRATION <br />Peak One Administration recognizes the challenges inherent in selecting a service and technology partner. <br />Differences between competitors’ products can be difficult to assess or impossible to objectively measure. The <br />primary difference our clients notice with Peak One is our consultative approach and our future-focused vision. <br />We take the time to: <br />Understand your company’s objectives <br />Understand the value of those objectives in the context of your specific business <br />Determine your company’s success criteria <br />Offer services that meet your objective and <br />Establish metric performance goals based on your criteria <br />Runaway health care spending is one of the most pressing challenges facing employers today. A main driver of this <br />spending appears to be that health care consumers have become increasing insulated from the true cost of their health <br />care coverage. Traditional medical insurance plans do little to encourage a consumer-focused approach to health care <br />spending. <br />Many public sector employers who want to reduce or moderate spending are exploring plan design changes that <br />incorporate consumer-directed or higher deductible health plans. These plans provide comprehensive coverage by <br />combining a high-deductible health plan (HDHP) with a tax advantaged health reimbursement arrangement (HRA) or a <br />health savings account (HSA). <br />These new plan designs offer a promising solution to the problem of how to best achieve more cost- conscious employee <br />decision-making as unspent funds carry forward to future years, incenting employees to take ownership of their <br />healthcare purchasing. <br />VEBA <br />Any Deductible, Any Carrier <br />Multiple investment choices <br />Seamless transition to HDHP <br />Lower fees by streamlining administration <br />Fast and convenient claims processing <br />Experience you can count on <br />PEAKONEADMIN.COM