Health Reimbursement Account

(redirected from Health reimbursement accounts)

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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The firm significantly expanded its benefit administration offerings in 2018 with the acquisitions of Chard Snyder and Benefit Planning Consultants, Inc., which provide consumer-directed healthcare administration (e.g., health savings accounts, flexible spending accounts, and health reimbursement accounts) and benefit continuation services (e.g., Consolidated Omnibus Budget Reconciliation Act and retiree billing administration).
Louis, BeneFLEX administers employee benefit plans, including flexible spending accounts, health savings accounts, health reimbursement accounts and COBRA for midmarket clients across the Midwest and California.
Many believe the Trump executive order will also expand access to health reimbursement accounts (HRA), to make it easier for employers to reimburse medical and insurance costs for employees.
They also can receive credit card rewards for their payment, or use health savings accounts, health reimbursement accounts, or flexible spending debit cards, making treatment more affordable.
The staff benefits firm, which employs seven workers, offers group health, dental, vision, disability, life, long-term care, voluntary benefits, cafeteria plans, health reimbursement accounts, health savings accounts and retirement services.
In the draft platform, Republicans say, "We look to the growth of Health Savings Accounts and Health Reimbursement Accounts that empower patients and advance choice in healthcare."
According to the lawsuit, as many as 5,000 retirees and their spouses were affected when Weyerhaeuser stopped making contributions to their health reimbursement accounts on Jan.
Health Reimbursement Accounts, which made up almost 60 percent of the consumer-directed accounts in the first offer year and 75 percent in the third, are owned by employers.
A survey from Alegeus Technologies says most consumers, and even account holders specifically, do not fully understand account-based health plans, including HSAs, FSAs and health reimbursement accounts. Only 50 percent of FSA holders passed a FSA proficiency quiz.
The bank offers a package of products and services including health savings accounts, health reimbursement accounts and flexible spending accounts with access to HSA Bank's myHealth Portfolio, an online dashboard that consumers can use to store health-related data and receipts, file claims, initiate payments to providers, and consolidate expenses and claims from multiple providers.
Our consumer-driven health plans with health savings and health reimbursement accounts (HSAs and HRAs) encourage members to receive preventive care and think carefully about how they spend their health care dollars.
Consequently, it is now more costly as well as inconvenient for consumers to obtain these products under health care FSA coverage or through other tax-advantaged accounts such as Health Savings Accounts (HSAs) or Health Reimbursement Accounts (HRAs).
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