6 FAQs Employees
Have About HRAs
Who handles the HRA money?
How do I get reimbursed with my HRA?
What expenses are eligible?
How long does it take to get reimbursed?
What about my tax credit?
Do I get to take the allowance with me if I leave?
Health reimbursement arrangements (HRAs) are becoming
increasingly common as more employers are seeking an
alternative to traditional health benefits. Employees that are
newly offered an HRA through their employer can be confused
about how an HRA works.
Source:peoplekeep.com
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As more and more employers seek alternatives to traditional health benefits, health care reimbursement arrangements (HRA) have become more common. Employees who have newly obtained HRA through their employer may be confused about how HRA works. They may become accustomed to another health benefit, such as traditional group health insurance. For employers who want to hire and retain talented individuals, HRA is a powerful tool. For employees, this can really improve their physical and financial conditions.
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