Why Choose NIS for your HRA Plan?

Our Experience with HRAs

NIS (National Insurance Services) has provided HRA solutions to over 212 public sector organizations, executing over 447 employer plans in seven states. NIS was the first to implement HRA plans in the state of Wisconsin beginning in 2002. As a specialist in public sector employee benefits, our solutions contain features that allow flexibility during negotiations that address both the employer’s and the bargaining unit’s interests.

Service

		Employer enjoys a dedicated representative as a single point of contact

		Face-to-face meetings with participants upon request

		Comprehensive plan administration: implementation, IRS compliance, account statements, reports, daily valuation, transfers and distributions

		Participant access to 24/7 online support and weekday telephone support

		Claims processed and paid weekly

		No enrollment forms required

		Participants receive quarterly statements

Flexibility

		Active employee and retiree plans available

		Customized reports to fit your specific needs such as detailed forfeiture reports

		Simplified forfeiture notification by email or with deposit report

		Unique identification numbers to avoid internet transmission of social security numbers

		Multiple vesting schedules accommodated under one plan

		Direct deposit option for reimbursement checks

		If reimbursement is used for retiree insurance premiums, checks can be direct deposited into the plan sponsor's account (approval required)

Fund Control

		Participants are free to select their own investment options

		Funds at the plan level cannot be moved to different investment companies by the third-party administrator without the approval of the plan sponsor.

Fees That Make Sense

		After separation of service or retirement, administration fees cease

		Never any asset-based fees on fixed-interest accounts

For Employer use only. Not for use with the general public

Securities offered through GWN Securities Inc. 11440 Jog Road, Palm Beach Gardens FL 33418 866.650.0132 Member FINRA, SIPC. National Insurance Services is not affiliated with GWN Securities, Inc.

Exchange an HRA for Medical Insurance plan design or provider changes

Offer an HRA as an incentive to waive Medical Insurance participation for those with access to other plans

Provide new hires with an HRA in lieu of retiree Medical Insurance

Exchange an HRA for special payments made to retirees

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