Health Reimbursement Account

(redirected from Health reimbursement arrangement)
Also found in: Acronyms.

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 ?
A third could lead to changes in the rules governing employer-sponsored health reimbursement arrangements.
Key features of Health Savings Accounts (HSAs) and Health Reimbursement Arrangements (HRAs) Feature HRA HSA Funding Group-funded Group and employee funded Fund owner Group Employee Requires high No Yes deductible health care plan Eligibility All eligible employees Anyone without coverage and no Medicare Portable Group discretion Yes Tax Group reimbursements are * Group contributions not Contributions tax-deductible for the group subject to payroll taxes and tax-exempt for the * After-tax member member.
A health reimbursement arrangement is particularly useful in the following situations:
With one system housing medical claims data and a second system storing health reimbursement arrangement or health savings account records, each claim had to be processed at least twice, causing bill payment issues.
She said, "Our company was lucky enough to have an agent who kept looking for better options for us, and introduced us to the idea of a Health Reimbursement Arrangement (HRA).
Revenue ruling 2003-102 held that an employee's receipt of a reimbursement from an employer-sponsored health flexible spending arrangement (health FSA) under a cafeteria plan, health reimbursement arrangement or other employer health plan for over-the-counter (OTC) drugs is excludible from gross income under IRC section 105(b); however, amounts an employee pays for dietary supplements are not reimbursable or excludible, nor can the individual deduct such costs as section 213 medical expenses.
Obama administration agencies discouraged employer use of cash-for-coverage programs by ruling that those programs would amount to stand-alone health reimbursement arrangement programs, without major medical coverage attached.
In April, Cigna HealthCare expanded the availability of its consumer-driven Cigna Choice Fund Health Reimbursement Arrangement plans to businesses with 51 to 200 employees in several states: Arizona, Colorado, Texas, Connecticut, Maine, New Hampshire, Vermont, New York, New Jersey, North Carolina, South Carolina, Tennessee and Florida.
223 eligibility to make HSA contributions in various situations in which the individual is covered by a high-deductible health plan (HDHP) and also by a health flexible spending arrangement (FSA) or a health reimbursement arrangement (HRA).
For workers with single coverage and arrangements that include access to HSA or health reimbursement arrangement (HRA) programs, the average deductible has increased to $2,086, from $1,908.
Humana will use the licensed technology to substantiate Flexible Spending Account and Health Reimbursement Arrangement card payments at the point of service.
Agreement with Flexible Benefit Service Corporation will Provide Self-Funded Health Reimbursement Arrangement Administrative Services to Aetna's Small Group Market -
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