What is an HRA and how does it work?
- What is an HRA and how does it work?
- A health reimbursement arrangement (HRA) is an employer-sponsored account to reimburse a portion of a participant’s eligible out-of-pocket medical expenses, such as deductibles, co-insurance, and pharmacy expenses. It’s not an insurance plan; it’s a reimbursement program funded entirely by an employer to help make health care more affordable.