Health reimbursement arrangements

Save and win

A health reimbursement arrangement (HRA) is an account funded by your employer that helps pay for certain out-of-pocket medical expenses. The benefits of an HRA include:

Coverage for out-of-pocket costs, which may include things like deductibles, copayments, coinsurance, dental and vision expenses (as determined by your employer)

You don't pay taxes on HRA funds

Contributions are free money, provided by your employer. There are no payroll deductions

HRA basics

At the beginning of each health plan year, your employer determines the amount of money the company will contribute to your HRA and identifies eligible medical expenses.

During the course of the year, you are able to use your funds for out-of-pocket expenses. In most cases, your health plan will receive and process a medical claim against your medical plan and then send the claim to be reviewed for payment from your HRA.

Nothing in this communication is intended as legal, tax, financial, medical or marital advice. Always consult a professional when making life changing decisions. In addition to restrictions imposed by law, your employer may limit what expenses are eligible for reimbursements. It is the members' responsibility to ensure eligibility requirements as well as if they are eligible for the plan and expenses submitted.