Section III: BASE® Integrated HRA

Quiz 3: Where do the savings come from?

1.The BASE® Integrated HRA only works with a group sponsored health plan in place.

1. Answer: a. True

The BASE® Integrated HRA allows employers with a group health insurance plan in place to be in charge of how company health care dollars are spent.

2.The Integrated HRA _________ need to be funded prior to incurring the expenses.

2. Answer: b. does NOT.

The Integrated HRA does NOT need to be funded prior to incurring the expenses. Instead, the employer reimburses eligible expenses once they have actually been incurred, following enrollment into the plan.

3.Typically the average BASE® client experiences how much employee utilization on their BASE® Integrated HRA?

3. Answer: a. 11%.

Typically the average BASE® client experiences an 11% employee utilization on their BASE® Integrated HRA.

4.Reimbursements through the Integrated HRA will help employees:

4. Answer: d. All of the above.

Employees know in advance how much will be available for reimbursement of qualified medical expenses. In the end, not only will reimbursements help employees minimize out-of-pocket expenses, but it is not considered taxable.

5.Employees choose which expenses will be considered qualifying expenses under the Integrated HRA.

5. Answer: b. False.

Employers identify what will be considered a qualifying expense funded by the HRA plan at the time it is established.

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 IV: Chapter 1!