HRA

A Health Reimbursement Arrangement (HRA) is an employee funded account used to reimburse you and your covered dependents for certain medical, dental, or vision expenses. Traditional integrated HRA plans reimburse you for a portion of your medical deductible.

Here are some of the advantages of an HRA

Lowered out-of-pocket healthcare costs
Tax-free reimbursements
Ability to set a budget
Tax advantages (HRA accounts aren’t subject to payroll taxes)

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