Health Reimbursement Account

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Health Reimbursement Account

A structure in which an employer makes contributions to a special account that can be used to pay for participating employees' medical expenses not reimbursed by his/her ordinary health insurance. The employee may use funds in the account to make premium payments or to pay for unexpected expenses. The employee does not pay taxes on these benefits. A health reimbursement account helps reduce one's risk of being underinsured. See also: Health savings account.
References in periodicals archive ?
The guidance further addresses the timing, format, and contents of a required written notification of the HRA to employees, how employees may prove they have minimum essential coverage (with a model attestation document as an appendix), and substantiation requirements for reimbursed medical expenses.
HRA's community volunteer program allows HRA associates to receive paid time off while volunteering for non-profit organizations.
As a result, employers that offered a stand-alone HRA would become subject to a $100 per day, per employee penalty, up to a cap of $36,500 per year--which caused many employers to discontinue HRA programs, or combine HRAs with other forms of group health insurance.
Federal agencies have ruled, however, that any efforts to use HRAs to pay a limited amount of cash for each employee's health coverage would violate the PPACA ban on annual and lifetime health benefits limits.
Employer contributions made to a retiree's HRA for coverage of registered domestic partners are included in the retiree's gross income.
Pakistan Navy in collaboration with the Ministry of Foreign Affairs made concerted efforts to exclude Pakistan's EEZ from HRA.
In the worst case, they live in own house and still claim (partial) HRA deduction and full deduction on home loan interest and principal payments.
People who claim HRA deduction by paying rent to parents or spouse and at the same time avail of deduction on home loan interest and principal payments can be seen as wilful tax evaders if they fail to provide proof of their transactions.
Stand-alone" HRAs: Beginning in 2014, an HRA (other than one limited to reimbursement of excepted benefits) may not be maintained for active employees without violating the market reform rules, unless the HRA is integrated with other group coverage that complies with the market reform provisions.
11 October 2011 - French HRA Pharma intends to bet on two main growth drivers, namely contraceptive products and endocrine diseases medicines, CEO Erin Gainer told local daily La Tribune on Tuesday.
8220;Agents need to learn how to present an HRA as a solution for small businesses.
In a recent survey of nine health plans, research firm Forrester found little consistency in how plans collect and use HRA data.