17 results for "HRA"
How the New HRAs Actually Improve Employer Benefits
No two employees are exactly the same and as such, they might have vastly different healthcare needs. But unless their employer offers a vast array of plans, it’s likely that at least some employees will end up under-covered or overpaying. If you fall into either of those categories, it’s fair to say you wouldn’t be satisfied…
New Rules Create Two New Types of HRAs
On June 13, 2019, US Departments of Labor, Treasury, and Health and Human Services issued a “final rule”, which was actually a collection of rules and other changes, with regards to Health Reimbursement Arrangements (HRAs). HRAs are employer-funded accounts that can be used for qualified medical expenses. There are several kinds of HRAs, each with…
How to use an ICHRA with an HSA and a HDHP
Employers across the country are trying to maximize their health benefit value and control their actual health benefit costs. When the new HRA regulations announced this summer expanded tax-friendly benefits to a greater footprint of businesses, a lot of questions came in about how they interact with the popular and tax-advantaged HSA.
Health Reimbursement Arrangement Rules
By: Vicky Warren
There are many options to help pay for healthcare expenses, which is great since we all have them. Let’s talk about Health Reimbursement Arrangements, explore the benefits they offer and go over a few of the rules that come with this type of account. What is a Health Reimbursement Arrangement (HRA)? Health Reimbursement Arrangements (HRA),…
How Does a Health Reimbursement Account Work?
By: Vicky Warren
It used to be that when you heard the term “health benefits” your mind went straight to health insurance. In today’s world, it’s harder for companies to offer traditional health insurance benefits. Thankfully, other options exist. One of those options is a Health Reimbursement Arrangement (HRA), also known as a Health Reimbursement Account. In an…
Can business owners participate in an HSA, FSA, or HRA?
Before diving into thespecific rules, it’s helpful to understand three of the most popular plans —HSAs, FSAs, and HRAs — and what makes them different.