What is a Health Reimbursement Arrangement (HRA)?
A health reimbursement arrangement is an account funded by an employer that reimburses employees for certain out-of-pocket medical expenses.
How it Works
- An employer chooses the maximum amount to reimburse each employee for the year (one amount for 'single' and one amount for 'family');
- Beneflex makes the appropriate reimbursement as claims are submitted
Examples of Qualified Expenses
Depending on the employer's wishes, the following may be reimbursable through an HRA:
- Copays
- Deductibles
- Prescription Costs