What are HRAs?

Health Reimbursement Accounts allow employers to reimburse employees for medical expenses as they occur. HRAs have tax advantages for the employer; they are set up by employers and must be funded solely by that person or business entity. There is no limit to the employer’s contribution, and the employer defines what expenses may be reimbursed and if funds may roll over from year to year. They don’t follow the workers to new jobs.