Scheduled Health Reimbursement Arrangement (SHRA)
Configurable Plan Designs That Are Integrated With HDHPs
Smarter Benefits, Healthier Budgets
You’re committed to offering competitive benefits to attract and retain top talent, but rising healthcare costs can make it challenging. A smarter solution is a Scheduled Health Reimbursement Arrangement (SHRA) from Navia. This approach lets you design a health plan that aligns with both your budget and your employees’ needs. By integrating with a group medical plan, it creates a customized, cost-effective benefits package. It’s a flexible way to provide real value without breaking the bank.
Get a QuoteThe Power of a SHRA
Making the switch to a SHRA isn’t just a different way to offer benefits; it’s a strategic move that delivers measurable savings and predictable costs. Instead of being locked into unalterable, one-size-fits-all traditional plans, a SHRA gives you control. Consider this real-world scenario:
A company with 45 employees was facing steep premium increases. By partnering with Navia to implement a SHRA, they transformed their benefits spending. This client achieved an average savings of 23% compared to their traditional plan. This is the kind of impactful, data-driven outcome Navia helps create for businesses like yours every day.
How a SHRA Benefits Your Business
A Navia SHRA is designed to solve common challenges employers face, from managing costs to simplifying administration. Partnering with us ensures streamlined processes and effective solutions.
Significant Cost Savings and Control
SHRAs allow you to manage healthcare costs effectively without diminishing the quality of your employees' benefits. By integrating a SHRA, you can lower insurance premiums and gain control over claims spending. Our comprehensive market cost comparisons and annual utilization data provide the insights you need to make informed decisions year after year.
Customized Plans for Every Team
Your business is unique, and your benefits plan should be too. Navia's SHRA platform is the most comprehensive in the marketplace, offering fully configurable plan designs. You can specify which expenses are eligible, set custom deductibles, and tailor coverage to meet the specific needs of your workforce. This flexibility ensures our solutions can scale and adapt to businesses of any size or industry.
Simplified Administration, Guaranteed Compliance
We know that managing benefits can be complex. Navia provides peace of mind by handling the details for you. Our dedicated SHRA service team, robust employer portal, and comprehensive enrollment assistance streamline administration. We also ensure your plan remains fully compliant with all federal and local regulations, including ERISA, DOL, and IRS rules, reducing your risk and administrative burden.
An Experience Your Employees Will Appreciate
A great benefits plan is one that employees understand and use. We design our SHRAs with the employee experience at the center, encouraging participation and boosting satisfaction.
