18 results for "HRA"

HRA

HRAs and HSAs Can Be a Match Made in Heaven

HRAs and HSAs are both great benefits that employers can offer their employees to help them pay for their health insurance and medical care costs. They can be used together as long as you follow the regulations set by the IRS.   How HSAs and HRAs are Similar Contributions are tax-deductible and funds are tax-free to use...

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...

HRA

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...

HRA

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. Here’s how the...

HRA

Health Reimbursement Arrangement Rules

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),...

HRA

How Does a Health Reimbursement Account Work?

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...