Review:
Hra (health Reimbursement Arrangement)
overall review score: 4.2
⭐⭐⭐⭐⭐
score is between 0 and 5
Health Reimbursement Arrangement (HRA) is an employer-funded health benefit plan that reimburses employees for out-of-pocket medical expenses.
Key Features
- Employer-funded
- Reimburses out-of-pocket medical expenses
- Tax-deductible for employers
- May be used in conjunction with a high-deductible health plan (HDHP)
Pros
- Helps employees cover medical expenses
- Tax-deductible for employers
- Flexible and customizable benefits
Cons
- Employees may not be able to carry over unused funds from year to year
- May not cover all medical expenses