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
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