Health reimbursement account
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Health reimbursement accounts, or HRAs, are employer-funded group health plans that reimburse employees for medical expenses. These reimbursements are tax-free and limited to a certain dollar amount per year.[1]
Overview
Health reimbursement accounts are accounts owned and funded by employers as part of their group health plans to reimburse employee medical expenses. The reimbursements are provided tax-free for certain medical expenses. These funds must be provided solely by the employer, and cannot be deducted from employee salary.[1][2]
Unlike a flexible spending account, which is also tax-free, these accounts are not contributed to by the employer, and the funds carry over from year to year.[1][2]
See also
- Obamacare overview
- History of healthcare policy in the United States
- Flexible spending account
- Group health plan
External links
Footnotes