A Health Reimbursement Arrangement (HRA) is an employer-funded program that helps you pay for out-of-pocket costs like medical deductibles, copays, coinsurance, and other qualified medical expenses.
A Health Reimbursement Arrangement (HRA) is an employer-funded program that helps you pay for out-of-pocket costs like medical deductibles, copays, coinsurance, and other qualified medical expenses.
A Health Reimbursement Arrangement (HRA) is an employer-funded program that helps you pay for out-of-pocket costs like medical deductibles, copays, coinsurance, and other qualified medical expenses.
When you receive medical services, the doctor or medical facility will send a claim to your health insurer. Sometimes, your insurance will only pay for a portion of these expenses – leaving you responsible for the rest.
HRAs are a convenient way to cover the rest of these expenses and most HRAs automatically pay your providers directly. If an HRA is offered with your plan, your employer agrees to fund a pre-determined amount of money per year to help pay for some of these expenses.
Check with your employer for details about your HRA.
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