health reimbursement arrangements (hras)

Health reimbursement arrangements (HRAs) are employer-sponsored programs that provide employees with funds to cover eligible medical expenses. Employers contribute a predetermined amount to the HRA, and employees can use these funds to pay for various healthcare costs such as deductibles, copayments, and certain non-covered expenses. HRAs offer a tax advantage as the contributions made by employers are typically tax-deductible, and the reimbursements received by employees are tax-free.

Explore

Requires login.