A Health Reimbursement Arrangement (HRA) is an employer-funded benefit that reimburses you for qualified out-of-pocket medical expenses.

 

FREE MONEY? YES, PLEASE

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The IRS requires that all HRA transactions be substantiated, meaning that the purchase was an eligible medical expense. This includes transactions made using a payment card. HRAs require no payroll deductions and you don’t need to contribute any money. Your organization will fund the entire account. Plus, all reimbursements for qualified medical expenses are tax-free too.

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BRIDGE THE GAP ON ELIGIBLE HEALTHCARE EXPENSES

 

Your organization sets your annual healthcare reimbursement limit and determines which expenses are eligible. Although it varies by plan design, common eligible expenses include deductibles, coinsurance and copays.

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