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.
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References in periodicals archive ?
"The plans we surveyed showed high variability in what they do with the data that HRAs produce," Boehm offers.
Some of the key challenges of using online HRAs are related to computer access, password coordination, implementation processes, and security concerns (Kashima 2006).
(2) The funds must be transferred by the employer within 2.5 months after of the end of the plan year and result in a 0 balance in the health FSA or HRA.
Critics say HRAs could allow employers to come up with strategies for shifting workers with high health care costs off their company plans and into the market for individual policies.
In summary, qualified small employer HRAs provide a valuable benefit and favorable tax treatment for employees of small employers.
In guidance on the "same terms" provision, the notice states that a small employer HRA must be operated on a uniform and consistent basis with respect to all eligible employees but notes that an arrangement will not fail this requirement merely because employees submit differing amounts of expenses for reimbursement within the statutory limits.
* HRAs reimburse the medical expenses of employees who have obtained minimum essential coverage.
For the genes positively and negatively correlated with KRAS, NRAS, and HRAS expression, we analyzed the number of overlapping genes and enriched pathways.
An employer is permitted to offer an HRA that is integrated with other group health coverage in order to avoid violating the prohibition on annual benefit limits.
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.
Retiree HRAs are considered employer-sponsored group plans, thereby meeting the definition of minimum essential coverage under the ACA.
92% of respondents rated the average consumer's understanding of HSAs and HRAs as poor or mediocre.