Salusion provides a streamlined platform for administering Health Reimbursement Arrangements (HRAs) through payroll integration, reducing administrative tasks for employers. By automating expense capture, verification, and reimbursements, Salusion enhances tax savings for both employees and employers while simplifying compliance and plan management.
Funding
$100K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Employers face administrative burdens and complexities in managing Health Reimbursement Arrangements (HRAs), including compliance, expense verification, and reimbursements. This can lead to increased operational costs and potential errors in plan management.
Solution
Salusion offers a streamlined platform for administering various types of Health Reimbursement Arrangements (HRAs), such as Individual Coverage HRAs (ICHRA), Qualified Small Employer HRAs (QSEHRA), Group Coverage HRAs (GCHRA), and Excepted Benefits HRAs (EBHRA). The platform automates expense capture and verification through a web portal and mobile app, ensuring same-day verification. It also automates reimbursements via ACH and supports direct payments to insurance carriers for premium-only ICHRAs. Salusion simplifies employee onboarding and offboarding, provides a comprehensive reporting suite, and enables employers to modify plans and add third-party administrators as needed.
Target Audience
Salusion primarily targets employers, ranging from small businesses to larger organizations, seeking to offer and manage Health Reimbursement Arrangements (HRAs) for their employees.
Features
- Automated expense capture via web portal and mobile app
- Same-day expense verification
- Automated reimbursements via ACH
- Support for direct payments to insurance carriers for premium-only ICHRAs
- Simplified employee onboarding and offboarding
- Comprehensive reporting suite
- Administrative portal for plan modifications and third-party administrator access
- Plan documentation and employee notifications for compliance
- Integration with eHealth for off-marketplace health insurance plans