HEALTH REIMBURSEMENT ACCOUNT
HRA’s or Health Reimbursement Arrangement Accounts, are funded entirely by your employer and they determine what expenses might be eligible and the amount of contribution they would like to make. There are different types of HRA’s that your employer might choose from that may or may not apply to you.
HOW CAN YOU SAVE?
In this type of plan only your employer contributes to the HRA and they alone determine the amount
Your HRA may be used to pay for eligible health care expenses. Since your employer is making the contributions to the HRA, you are allowed to have an FSA as well.
Save your money for additional expenses by using your employer’s money. Depending on your program HRA funds may have an extended life and unused funds may be rolled over the next year.