Health Reimbursement Arrangement (HRA)
An employer-funded account that reimburses employees for qualified medical expenses, often paired with high-deductible coverage.
An HRA is funded solely by the employer to reimburse employees for qualified medical expenses. Several types: Integrated HRA (paired with group health coverage), QSEHRA (small-employer), Individual Coverage HRA (ICHRA — employer reimburses for employee-purchased Marketplace plans), Excepted Benefit HRA. Reimbursements are not taxable income to the employee.
Frequently asked questions
What is health reimbursement arrangement (hra)?
An HRA is funded solely by the employer to reimburse employees for qualified medical expenses. Several types: Integrated HRA (paired with group health coverage), QSEHRA (small-employer), Individual Coverage HRA (ICHRA — employer reimburses for employee-purchased Marketplace plans), Excepted Benefit HRA. Reimbursements are not taxable income to the employee.
Related terms
- Flexible Spending Account (FSA)An employer-sponsored pre-tax account for healthcare expenses. 'Use it or lose it' — funds typically
- Health Savings Account (HSA)A pre-tax savings account tied to an HDHP. Funds carry over indefinitely and grow tax-free.
- PremiumThe amount you pay each month to maintain insurance coverage — regardless of whether you use care.
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