|Health Reimbursment Account (HRA) Information|
|Health Reimbursement Account (HRA)|
|A Health Savings Account is an employer-paid reimbursement plan that provides employees with reimbursement funds for medical expenses, such as deductibles and coinsurance, not covered by insurance for qualified individuals.
You must be covered by a High Deductible Health Plan (HDHP) to be able to take advantage of a HRAs. A HDHP generally costs less than what traditional health care coverage costs.
Funds in an HRA are owned by the business and not the employee.
|How Does It Work?
|An employer sets aside a fixed dollar amount into the HRA fund account for each employee. Then, each employee can access his or her HRA funds with a debit card or by submitting a claim for reimbursement of the qualified medical expense.|
|Who Is Eligible?|
|Full time employees who are eligible for company benefits.
Business owners are not eligible for the reimbursement aspect of a HRA. They can enroll in the High Deductible Health Plan.
|HRA and HSA Comparison of Differences|
|BCBS of DE - HRA Brochure|
|Qualified Expenses (HSA & HRA)|