Section III: BASE® Integrated HRA

Quiz 1: What is an Integrated HRA?

1.The BASE® Integrated HRA is available to employers without a group health insurance plan in place.

1. Answer: b. False

The BASE® Integrated HRA is available for employers with a group health insurance plan in place who are looking to reduce the overall cost of insurance coverage.

2.The BASE® Integrated HRA is:

2. Answer: d. All of the above.

The BASE® Integrated HRA is an employer-paid reimbursement program, designed to specifically assist employees with medical expenses. The Integrated HRA is an integrated benefit that provides employees hands-on management of their health care expenses, while the employer covers a portion of the cost. Plus, the BASE® Integrated HRA is portable and works with any carrier, health insurance plan, or group benefit plan.

3.The BASE® Integrated HRA is also known as:

3. Answer: b. Medical Expense Reimbursement Plan.

The BASE® Integrated HRA is also known as a Medical Expense Reimbursement Plan (MERP).

4.Employers can choose to raise the deductible on their current group health insurance plan, which will reduce the overall cost of the insured plan.

4. Answer: a. True

Employers can choose to raise the deductible on their current group health insurance plan, which will reduce the overall cost of the insured plan. The employer will utilize the BASE® Integrated HRA to self-insure a portion of that deductible to keep the employees responsibility of the deductible maintainable.

5.All reimbursements are considered taxable to the employee.

5. Answer: b. False

All reimbursements are tax-free to the employee and tax deductible to the employer.

Congratulations!

You have successfully completed the BASE® Certification program.

You will be receiving a certificate of completion that will be mailed to your Agency Manager’s office.

For further questions, please contact BASE® at 1-877-342-5105 or visit us on the web at www.BASEonline.com.

Thank you for taking this quiz.

Continue to Section III: Chapter 2!