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October 2012 Newsletter


The Harrison Group





The Harrison Group



Harrison Group’s mission is to provide exceptional products and
services that are flexible and responsive which enable our clients to
offer their employees the best possible employee benefit plans.




Richard H.
Miller,  Jr.



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Black Stripes

October 2012

Issue No. 2



WelcomeIn August,  The Harrison Group sent out its
first e-newsletter and received some terrific feedback. Thank
you! As colorful leaves fall, you may find yourself thinking
about healthcare plans, with open enrollment just around the corner.
We’ve included some important information to consider regarding
benefit plans. We hope you find this helpful, and we welcome your
feedback. If you have any suggestions for the type of information you
would like to see in future issues of this newsletter, please let us

Best regards,

Richard H. Miller, Jr., CPA, CFP


The Harrison Group, Inc. 



InFocusIN FOCUS: Health Reimbursement Arrangements Deliver
Substantial Savings


The rising cost of
health insurance has forced many businesses to search for
alternatives to their traditional group health insurance. Now more
important than ever, companies are turning to HRAs as the solution to rising
premiums. Click here
 to learn more about the many benefits a company can
realize by offering an HRA to your employees…



SuccessCLIENT SUCCESS STORY: Showing a SEPA Township
the Money


One of The Harrison
Group’s clients is a township located in Southeastern Pennsylvania.
For 2011 their group health insurance premiums were scheduled to
increase by 3.1 percent to $2.4 million. Instead of settling for this
modest increase, the broker proposed a high-deductible HRA health plan with an employer
reimbursement of 100 percent of each participant’s deductible.

Situation / Solution: 

switching to a high-deductible plan, it is important that employees
are educated as to how the plan operates and that claims are
processed efficiently and in a timely manner.   At the
township’s request The Harrison Group helped educate employees and
provided ongoing support.   We also provided employees with
The HG Advantage Card™ to pay for
eligible expenses. Employees were also able to submit manual claims
for reimbursement of eligible expenses. Success-Story-Township



PLAN Q&A: Flexible Spending Accounts


By definition, a flexible spending account (FSA) is a tax-free account that allows employees to pay
for essential healthcare expenses not covered, or only partially
covered by their medical, dental and vision insurance plans. FSAs can
also be used to pay for child- or dependent-care expenses.

Q.  How much
will it cost you to establish and maintain flexible spending accounts
for your employees?

A.  Let’s assume
that an employer with 50 employees has a specific group who are
interested in taking advantage of flexible spending accounts.
Normally at least 30 percent of employees will elect either the
Healthcare or Day Care Flexible Spending Accounts. <>



NewBizNEW BIZ: Welcome to The HG Team!

Philadelphia UnionThe Harrison Group is pleased to welcome new client and Philadelphia’s Major League Soccer team, Philadelphia Union to its team. According to Harrison Group President, Rich Miller, “We’re delighted to be working with them on the design, administration and management of their Flexible Spending Account (FSA) plans, and we look forward to a long and winning relationship.” Further, to celebrate one of the newest additions to their team roster, the company watched them defeat rival, New
England (1 -0) at PPL Park earlier this month with a large group of
family, friends and clients. Goooooo Union!!

South Eagle Road, Suite 205, Havertown, PA 19083  

610-853-9075   ·   Toll Free: 855-222-5727
·   Fax: 610-853-9079