RokketMed Prepaid Health Reimbursement Arrangement (HRA) Debit Card for Business
Accessing Health Care Made Easier
RokketMed is announcing its a new employer-provided prepaid health reimbursement arrangement (HRA) debit card that can be used with providers in the RokketMed marketplace and with any medical provider that accepts credit cards. Similar to how Health Savings Accounts (HSA) are used, the debit card allows employees to pay the medical provider of their choosing with their available health care funds that are employer-provided.
New federal rules related to HRAs have expanded the available options for employers, now providing for three HRA options – the Excepted Benefits HRA, the Qualified Small Employer HRA, and the Individual Coverage HRA. Each of these products allows consumers to use their funds for same-day care or medical expenses, ranging from urgent care centers to co-pays and health insurance deductibles. For a comparison of the new HRA options, see here.
RokketMed takes the friction out of seeking medical assistance -- employees or contractors don't have to fear upfront out of pocket expenses as they know how much money they have to spend. And with the RokketMed online marketplace, employees can search by symptoms to find same-day, nearby care with transparent upfront pricing.
The RokketMed Health Care Debit Card can be used as a bonus or a retention strategy for employees. It can be a supplement for insured workers to cover co-pays or insurance costs, or allow employees to purchase their insurance on a healthcare exchange. It provides flexibility for employees to seek the providers of their choice, wherever they are, sometimes avoiding costly emergency room visits, as urgent care centers offer many services for acute issues like burns, cuts, bruises, to cold and flu treatments. And these health care funds can be used for family members. Sign-up to learn more here.
Are you an employer who needs a compliance solution for San Francisco’s Health Care Security Ordinance (HCSO)? Non-insurance based solutions often have low utilization rates and provide little value to employees, while the RokketMed Debit Card will function more like cash allowing employees to seek medical services of their choice with employer contributed health care dollars. Sign-up here to learn more about the HCSO compliance product.