Employee Benefits

Health Reimbursement Accounts (HRA)

A Health reimbursement Account is designed to allow the employer to pay all of a portion of the deductible for their employees and dependants.

Benefits of an HRA:

  • You control contributions and decide what expenses they can be used for.
  • A HRA may allow you to chose a higher deductible plan and lower the company's premium.
  • HRA reimbursements are tax deductible for you and tax exempt for your employees.

Note: HRAs and HSAs are often paired with specific health insurance plans. Talk with your health insurance provider and consider options carefully when shopping for health insurance for your employees to ensure you get the features you want.

Share Article:
Add to GooglePlus
Investment products are:
  • Not a deposit
  • Not FDIC Insured
  • Not Insured by any federal government agency
  • Not guaranteed by the bank
  • May go down in value

Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. Infinex and the bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.
BrokerCheck