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.

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