What is a Health Reimbursement Arrangement (HRA)?
A Health Reimbursement Arrangement (HRA) is an employer-provided medical reimbursement plan:
- Funded solely by employers
- Reimburses employees tax-free for “medical care expenses” (for individual, spouse and/or dependents)
- Funded up to a specified dollar amount per coverage period (usually a year)
- Non-discriminatory in reimbursement for all eligible employees
Follow these tips to maximize your health reimbursement arrangement.