Forma’s Health Reimbursement Arrangement (HRA) is a cloud-based platform that enables organizations to design, administer, and automate employer-funded accounts for reimbursing employee medical expenses. Employers can customize eligibility, funding levels, and covered expenses, while employees submit claims for qualified medical costs. The platform streamlines claims processing, supports evidence submission, and tracks expense history, ensuring compliance with regulatory requirements. Employees can access funds via the Forma Card or reimbursement, and HR teams benefit from centralized dashboards, reporting, and analytics. Forma’s HRA integrates with other benefits (LSA, FSA, HSA), consolidating administration and reducing manual work. The solution is designed for scalability, supporting global teams and various plan designs, and provides comprehensive support for both employers and employees.

Key Features

Customizable HRA Administration Employers set eligibility, funding, and covered expenses.

• Tailor plans to organizational needs
• Define reimbursement rules and limits

Automated Claims Processing Streamlines reimbursement for medical expenses.

• Employees submit claims with evidence
• Fast, automated approval and payment

Expense Tracking & Analytics Tracks history of expenses and contributions.

• Real-time dashboards for HR teams
• Analytics on usage and trends

Integrated Payment Options Supports Forma Card and direct reimbursement.

• No out-of-pocket expenses for employees
• Mobile and contactless payments

Compliance & Documentation Ensures regulatory adherence and secure recordkeeping.

• Built-in compliance features
• Automated documentation and reporting

Member Support & Education Guides employees on eligible expenses and plan usage.

• Educational materials within the platform
• Responsive member support

Benefits

Administrative Efficiency Reduces manual work and vendor management.

• Centralized platform for all reimbursement accounts
• Automated claims and reporting

Employee Flexibility & Satisfaction Empowers employees to use benefits for meaningful expenses.

• Choice of payment method and covered expenses
• Increased perceived value of benefits

Compliance & Control Ensures regulatory compliance and secure data handling.

• Automated documentation and monitoring
• Reduces risk of errors

Scalability & Integration Supports organizations of any size and integrates with other benefits.

• Configurable for global teams
• Consolidates multiple benefit types