Best HRA Vendors: Comparison of 6 Top Providers

You want to support your employees with their health care costs, and HRAs seem like the best way to do that. Naturally, you’ll want an HRA vendor that knows what they’re doing, supplies exactly what you need, and is available if you have any queries. But when all the vendors promise the earth, how can you find the right fit for your organization? 

This guide explores what you should look for in a health reimbursement arrangement provider and introduces you to six of the best HRA vendors in the marketplace. Pay attention, though, because they don't all have the exact same offering.

What is an HRA? 

A health reimbursement arrangement, or HRA, is an employer-funded plan that employees can use to pay for their health insurance. Employees have access to a tax-free monthly or annual allowance for making eligible medical expenses and health insurance premium purchases. 

There are different types of HRA, including: 

• Group coverage HRA: Also known as an integrated HRA, employers offer this in combination with a traditional employer-sponsored group health plan. It reimburses employees for out-of-pocket medical expenses that aren’t fully covered by the group health insurance. ‍
• Qualified small employer HRA: A QSEHRA is aimed at small employers with fewer than 50 full-time equivalent employees.  ‍
• Individual coverage HRA: An ICHRA is an alternative to traditional group health insurance. It reimburses employees for the cost of individual health insurance coverage or other qualified medical expenses. ‍
• Excepted benefit HRA: An EBHRA is offered alongside a group health plan to reimburse employees for “excepted benefits” like vision or dental care. 

How do HRAs work? 

Typically, the reimbursement process works as follows: 

• Employers set the HRA allowance. Depending on the type of HRA, this is determined by IRS contribution limits. For example, the QSEHRA contribution limit for 2025 is $6,350 for individuals and $12,850 for families, while the EBHRA contribution limit for 2025 is $2,200. 
• Employees make eligible health-related purchases. Purchases must align with the HRA’s eligibility criteria.
• Employees submit proof of purchase, such as invoices or receipts for their eligible expenses. 
• Employers review the receipts to ensure they match the purchase eligibility criteria and don’t exceed the employee’s available HRA funds. 
• Employers reimburse the employee. 

Why use HRA software to administer your benefits? 

The above process can eat into your resources if you try to do everything manually. HRA software streamlines your workflows to: 

Save time and money 

HRA administration software reduces the pressure on your HR team. It automates routine administrative tasks, such as employee eligibility verification and reimbursement processing. The result? More time for your HR team to focus on other important tasks like talent acquisition and retention strategies.

HRA software also reduces human errors in reimbursement calculations and ensures compliance with IRS regulations, so you don’t have to worry about costly audits or penalties.

Improve employee experience 

The right HRA platform makes it easier for employees to access their allowances and submit claims. Software with built-in self-service capabilities allow employees to use online portals or mobile apps to view their personal details. Their satisfaction levels rise as they gain more control over their benefits and actually understand what’s available to them. 

Reimburse your employees quicker 

With HRA software, employers can process and pay reimbursements faster so employees aren’t out of pocket for long. Additionally, employees can submit their claims electronically, eliminating the need for paper-based processes. Some platforms even automatically file the reimbursement request at the point of purchase, eliminating the burden on employees entirely. 

What is an HRA vendor? 

An HRA vendor is a company that offers software, services, or both to help employers administer their HRA plans. Some vendors specialize in specific types of HRA, like ICHRAs or QSEHRAs, while others offer a comprehensive solution for all types of health reimbursement arrangements. 

How to choose the best HRA vendor

With so much choice in the marketplace, it’s a challenge to whittle down the sea of options and find the best fit for your organization and your people. Here’s what to focus on as you begin your vendor selection process: 

Vendor reputation 

Understanding how others have experienced a particular vendor can shape your decision-making. Read reviews from third-party sites like G2 or Capterra, along with testimonials and case studies, to gauge how well they have served other companies, especially those in your industry. 

Pricing 

Pricing shouldn’t be the only consideration—cheap isn’t always best, after all. But every company has a budget, so it’s essential to understand the cost of various vendors, including any hidden fees, setup charges, or additional costs for support and integrations. Opt for a vendor with transparent pricing and flexible packages to suit your company size and needs.

Further reading: Check out our Benefits Budget Guide to optimize (and reduce) your budget. 

Plan flexibility 

Whether the vendor offers a specific HRA type or a range, they should allow for customization to match your organization’s unique requirements. Ensure the software is flexible enough to accommodate your current and future needs as your company grows or changes its insurance plans. 

Customer support 

A reliable HRA vendor is available when you need them, whether to iron out any hiccups during setup, support you during open enrollment, or make any changes mid-year. Ensure your vendor of choice offers multiple support channels, including phone, email, and live chat, and has a reputation for quick and effective problem resolution. 

Integrations with existing benefits systems 

Your HRA software should integrate seamlessly with the rest of your HR tech stack, including your current payroll, HRIS, and additional benefits systems. When your systems all sync up correctly, vital employee data will flow smoothly from one platform to another, reducing duplication and errors. Check if your HRA vendor offers integrations with your specific platforms or can provide an open API to connect with custom-built systems. 

User-friendly interface

Neither your in-house teams nor your employees should have to carve out time to learn a new benefits platform. Your product should offer a user-friendly interface that's easy for your HRA administrators to set up and intuitive for employees to submit their claims and reimbursements. Mobile compatibility is an added advantage for on-the-go access.

Compliance with IRS regulations 

Compliance is non-negotiable when it comes to HRAs. Your vendor’s platform must keep up with the latest IRS regulations and provide tools or notifications to help you stay compliant. 

Security features 

Given the sensitive nature of health and financial data, a robust security framework is also essential. Look for vendors that offer encryption, secure servers, and compliance with data protection regulations like HIPAA to safeguard employee information.

Top HRA vendors: A comparison of 6 popular options 

To kickstart your research, here’s how six vendors stack up against each other in the market: 

1. Benepass 

Benepass is a people-first platform with flexibility at its core. Instead of offering one-size-fits-none employee benefits, Benepass offers a wide range of pre and post-tax plans that empower people with choice. The modern Benepass HRA provides a pre-funded Visa card that employees can use to pay for their high-cost medical expenses, including fertility treatments, gender confirmation surgery, or healthcare-related travel expenses. 

HRA features 

• Card-first technology 
• Enterprise-grade security, with SOC2 certification and bank-level encryption 
• Access to a customer experience team with a 95% customer satisfaction rating
• Built-in eligibility checking for transactions and reimbursements, freeing up your in-house teams to focus on more strategic initiatives 
• Seamless integrations with your payroll system for automatic enrollment 
• Automatic invitations for your employees to join Benepass and start using their HRA from day one  

Pricing 

Benepass offers a transparent pricing structure customized to your business size and requirements. 

Why we chose them 

Benepass is an employee-centric HRA vendor that allows you to customize your plan according to their needs. For example, you can set your HRA with eligible spending categories, including mental health, fertility treatments, health travel, and more. This broad scope is just one of the reasons employees love our platform, and its ease of use is another strong selling point. A verified mid-market user explains, "Love that you can just submit past expenses for reimbursement through the app as well—this has been incredibly useful for me. I find the app itself to be very user-friendly!" 

Benepass also achieves high scores with the G2 software community. It has a score of 4.8 out of 5, with the following category scores out of 10: 9.7 for Ease of Use, Ease of Setup, and Quality of Support. 

2. PeopleKeep

PeopleKeep is a health benefits provider aimed at small employers. Its HRA administration software is powered by Remodel Health and offers ICHRAs, QSEHRAs, and group coverage HRAs. 

HRA features 

• Cost control so you can choose an HRA allowance that fits your budget 
• Benefit personalization, enabling employers to choose what their employees can be reimbursed for 
• Flexible reimbursements—your funds remain with you until you reimburse your employees directly 

Pricing 

Pricing depends on the type of HRA you’re offering: 

• QSEHRAs: From $19 per employee/mo with a $35 base fee added to the subscription
• ICHRAs: From $19 per employee/mo with a $35 base fee added to the subscription
• Group coverage HRAs: From $11 per employee/mo with a $30 base fee added to the subscription

Why we chose them 

PeopleKeep are specialists in providing HRAs for small businesses, so if you have fewer than 50 employees, they could be a good fit. They also offer in-house teams to help organizations make the right plan decisions for their people and generate necessary plan documentation to stay compliant. 

3. HealthEquity 

• HealthEquity is an established name in the market and also incentivizes employees to stay healthy. 

HRA features 

• Fast onboarding with employer accounts set up in minutes 
• 24/7 support by phone or chat 
• Custom integrations at no extra cost 
• Automatically verified transactions 
• Employees receive a debit card for all transactions 

Pricing 

Accurate quotes are available on request. 

Why we chose them 

HealthEquity is an established name in the market, and also incentivizes employees to stay healthy. The Health Incentive Account works alongside the HRA account, allowing employers to reward their workers for committing to positive habits like meeting fitness goals, quitting smoking, or eating well. 

4. Take Command 

Take Command's founder launched the company when he and his wife were surprised with a twin pregnancy and needed affordable healthcare coverage to support them. Ten years later, Take Command's software helps companies design custom-compliant ICHRA and QSEHRA plans. 

HRA features 

• 1:1 personalized enrollment support 
• Seamless HRIS integrations 
• Transparent payroll and compliance reporting 
• Custom plan designs 

Pricing 

Take Command splits pricing into two categories: 

• Small employers (for 1-49 employees) from $20 per employee/mo plus a $40 monthly platform fee 
• Large employers (for 50+ employees) from $20 per employee/mo plus a $100 monthly platform fee. This plan includes a customer success manager, autopay employee premiums, and custom affordability reports 

Why we chose them 

While Take Command is a great fit for small businesses, it also offers ICHRAs that satisfy the employer mandate for applicable large employers (ALEs). 

5. Gravie 

Gravie promises 100% comprehensive coverage of the most common healthcare services from day one. It offers Gravie Comfort, a zero-copay and zero-deductible plan, Gravie ICHRA for individual marketplace solutions, and Gravie Pay, an interest-free way to pay for medical expenses over 12 months. 

HRA features 

• Cost control for the ICHRA, so employers can stick to a fixed budget 
• End-to-end customer support 
• Employees can choose their own health benefits 

Pricing 

Gravie ICHRA pricing starts at $55 per employee/mo with a $300 minimum fee. 

Why we chose them 

Gravie partners with a range of health and wellness providers, making it easy for your employees to access the services they need. Gravie also offers a handy mobile app for locating health professionals, understanding what’s covered, and reviewing claims statuses. 

6. Clarity 

Clarity Benefit Solutions is a trusted name in employee benefits, offering HRA solutions for organizations of all sizes. Their platform provides robust features that make it easy for employers to manage HRAs while delivering a seamless experience for employees.

HRA features 

• Supports a range of plan designs, including first-dollar coverage, percentage-based coverage, or HRA with an employee deductible 
• Multilingual staff are available to support employers and employees 
• Online enrolment reduces manual processes 
• Clarity Mobile app, including text alerts 
• Claims substantiation via the online portal 

Pricing 

Accurate pricing is available from the vendor on request. 

Why we chose them 

Clarity offers a versatile platform that integrates with existing HR and payroll systems. The platform's emphasis on security and compliance, coupled with its intuitive tools, makes it a reliable choice for businesses looking to enhance their benefits management.

Choose Benepass as your HRA vendor 

Benepass scores higher with the G2 community than the other HRA vendors on this list. But more than that, we also acknowledge that HRAs are just one way to support your employees. 

Our platform offers a wide range of pre and post-tax benefits, including: 

• Health Savings Account 
• Flexible Spending Account
• Lifestyle Spending Account (with pillars for health and wellness) 
• Wellness benefits 

Learn more about how to support your employees with a holistic range of benefits by booking a free demo today, or contact sales@getbenepass.com to connect with one of our specialists.