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Health Reimbursement Arrangements

Is Your Health Insurance Plan Up To Date?

In dealing with the rising cost of health care and insurance, we suggest the 80/20 rule:
  • 82% of US have annual medical expenses of less than $1000
  • 40% of US have annual medical expenses of less than $500
  • 33% have no medical expenses and only 11% have expenses of over $2000
 (American Journal of Health Policy)

Are you spending valuable premium dollars to cover health expenses which rarely happen?

Many of our clients are using a new cost effective approach to offering health insurance to their employees 
without a reduction in medical benefits.  The HRA (Health Reimbursement Arrangement) allows you to provide 
your employees the medical benefits they need when they need them: when there is a claim.  You reduce your 
overall premium expense and use the savings to help fund medical claims when and if they occur.  This 
approach is similar to a self-funding insurance plan used by large companies with flexible benefit parameters 
and minimal administration.  Depending on your situation, an HRA could be the best way for your business to 
address the rising cost of health care.

For Example:  An employer with 15 enrolled members changes from a $ 1000 deductible plan to a $ 2500 
deductible plan with a $ 1500 HRA benefit.  The employee is responsible for the first $ 1000 in claims.  The 
employer pays the next $ 1500 in claims (the HRA benefit).  After $ 2500 in claims, the deductible is exhausted 
and the coinsurance benefit is applied.

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These are actual figures from one of our clients.  We can help you set up an HRA to meet the needs of your 
business.  We offer HRA plans with seemless administration at no additional cost to you.  

“Our company has been working with Trout Insurance for the last five years.  They have worked consistently to adapt our benefits to fit our needs and control our premium dollars.  Even with our small company of five employees, Trout Insurance was able to save us over $18,000 for the upcoming renewal year.”   Dan English, Employee Administrative Services Inc.

Trout Insurance Services

Monday-Friday
9:00am-5:00pm & by Appointment


​Visit: 29 N Main St
Weaverville, NC 28787
     
Mail: PO Box 1414     
Weaverville, NC 28787  
Ph: 828.279.4681

Fax: 1.888.221.4842
​
contact@troutinsurance.com
Privacy Notice Statement  | Privacy Policy
Trout Insurance is an Independent Insurance Agency Based in WNC. 
Trout Insurance is an independent authorized agency licensed to sell and promote products from Blue Cross and Blue Shield of North Carolina (Blue Cross NC). The content contained in this site is maintained by Trout Insurance. Blue Cross and Blue Shield of North Carolina is an independent licensee of the Blue Cross and Blue Shield Association. ®, SM Registered marks of the Blue Cross and Blue Shield Association.”
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  • Coverage
    • Home & Auto Insurance
    • Medicare
    • Income Protection >
      • Disability Insurance
      • Long-Term Care
      • Critical Illness
      • Annuities
    • AARP - Hartford
    • Life Insurance
    • Health Insurance
    • Dental, Vision, Accident
    • Employee Benefits
    • Business Owners >
      • Group Health Insurance
      • Commercial Property & Liability
      • Business Overhead Expense Disability
      • Disability for Business Owners
      • Critical Illness
    • Short Term Health
  • About Us
    • Our Story
    • Dave Trout >
      • DT Landing
    • Jessica Cody >
      • JC Landing
    • Jeremy Sheridan >
      • JS Landing
    • Robert Pugh
    • David Hanson
    • Jennifer Trout
    • Jan Trout
    • Steve Dillingham
  • Reviews
  • Client Center
    • Client Center
    • Resources >
      • Health Insurance 2022
      • Friday Health
      • Comparing 2022 Plans
      • Insurance Partners
      • Best Value Insurance Plans
      • American Rescue Plan
      • ARP Facts CMS
      • ARP Unemployment
      • ARP 2020 Excess Premium Subsidy
      • No Income Cap
      • Unemployment Glitch
      • Asheville Homesharing
      • 2019 Verification-a
      • BCBS Online Setup
      • APTC Income 2022 & Tax Form 1040
      • Lost Subsidy
      • Privacy Policy
  • Community
    • Alignment Health Plans
    • Health & Wellness Day
    • YMI Winter Coat Drive
    • Medicare Seminar
    • Art in Autumn
    • Goombay
    • Music on Main
    • Manna Fundraiser
    • Western Women's Business Center Conference
    • Mural on Main Street
    • Expanded Team- Next Generation
    • Back to School
    • Weaverology
    • Mother Earth Food
    • Find the Trout
  • Blog
  • Contact Us