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Healthcare Reimbursement Arrangements (HRAs)

HRAs are an additional healthcare benefit account option you may want to consider based on your associate population and the medical plans you offer. HRAs are employer-contributed funds that reimburse your employees for medical expenses tied to your group health plan or to help them purchase their own insurance.

The six different IRS-approved plan types for HRAs are:

1. An HRA integrated with a group health plan
2. A limited purpose HRA: dental, vision and preventive care expenses only
3. Retirement HRA
4. Qualified small employer HRA, designed for businesses with fewer than 50 full time employees
5. Individual coverage HRA
6. Excepted benefit HRA