Health Reimbursement Account
Health Reimbursement Accounts or Health Reimbursement Arrangements (HRAs) are Internal Revenue Service (IRS)-sanctioned employer-funded, tax advantaged employer health benefit plan that reimburses employees for out of pocket medical expenses and individual health insurance premiums. Using a Health Reimbursement Account yields "tax advantages to offset health care costs" for both employees as well as employers.
Read more about Health Reimbursement Account: Establishment, Contributions, Distributions, Advantages, Disadvantages, and Limitations
Famous quotes containing the words health and/or account:
“The philanthropist too often surrounds mankind with the remembrance of his own cast- off griefs as an atmosphere, and calls it sympathy. We should impart our courage, and not our despair, our health and ease, and not our disease, and take care that this does not spread by contagion.”
—Henry David Thoreau (1817–1862)
“I shall endeavour to enliven Morality with Wit, and to temper Wit with Morality, that my Readers may, if possible, both Ways find their Account in the Speculation of the Day.”
—Joseph Addison (1672–1719)