Medical Costs

What is a Health Reimbursement Arrangement?

What is a Health Reimbursement Arrangement? A Health Reimbursement Arrangement, or HRA, is a pre-tax benefit that can be offered by employers to help pay for their employees’ out of pocket medical costs. HRAs are funded entirely by the employer; there is no contribution made by the employee.  The benefit of the HRA is that […]

Continue Reading
stethoscope

How are HRAs different from FSAs and HSAs?

How are HRAs different from FSAs and HSAs? With so many options available for employee benefits, what sets health reimbursement arrangements (HRAs) apart from the rest of the pre-tax reimbursement accounts? 1. HRAs provide employers the ability to specify exactly what expenses the plan will reimburse. HRAs are funded entirely with employer contributions. HRAs can […]

Continue Reading
Medical Costs

Designing a Health Reimbursement Arrangement

Designing a Health Reimbursement Arrangement Health Reimbursement Arrangements, or HRAs, can be a powerful addition to an employer’s benefit package. The benefit helps pay for out of pocket medical expenses for employees and can be customized based on the employer’s preferences.  Listed below are several features of HRAs and some options available for each. Eligible […]

Continue Reading

What Expenses Can Be Reimbursed from a Dependent Daycare Flexible Spending Account?

What Expenses Can Be Reimbursed from a Dependent Daycare Flexible Spending Account? Dependent daycare flexible spending accounts (dependent daycare FSAs) allow employees to be reimbursed on a pre-tax basis for daycare expenses. Identifying which expenses can be reimbursed from a dependent daycare FSA is an important part of the planning and election process for employees […]

Continue Reading
stethoscope

What expenses can be reimbursed from a Health Flexible Spending Account?

What expenses can be reimbursed from a Health Flexible Spending Account? Health Flexible Spending Accounts (FSAs) are a popular benefit offered by employers to help employees pay for out of pocket medical expenses. A very common question employers and employees may both have is what expenses can be reimbursed from the plan.  There are several […]

Continue Reading
The-IRS-Building-43284814-web

Top 3 Things To Know about Qualified Small Employer Health Reimbursement Arrangements

Top 3 Things To Know about Qualified Small Employer Health Reimbursement Arrangements When Congress passed and the President signed The 21st Century Cures Act at the end of 2016, a new benefit option became available for small employers.  The legislation includes language allowing for Qualified Small Employer Health Reimbursement Arrangements, or QSEHRAs.  These plans allow […]

Continue Reading