Marketplace

HRA

A Health Reimbursement Arrangement is an employer paid benefit designed to reimburse participants for out of pocket medical expenses. Employers can choose to reimburse employees for any qualified medical expense covered under IRS Section 213 or limit reimbursement to the medical deductible. These plans are usually administered by TPAs and must now comply with certain Affordable Care Act regulations. HRA's are ideal for companies who are looking to enhance their medical benefits by targeting reimbursements to help cover gaps within a medical insurance policy.