A Health Reimbursement Account (HRA) is a tax-advantaged health benefit plan that reimburses employees for eligible medical expenses. You will receive a debit card linked to your HRA, which you can use to pay for eligible medical expenses such as deductibles, copays, and coinsurance. For a full list of eligible medical and dental expenses please see IRS Publication 502.
HRAs are typically offered with a comprehensive health plan. Generally, you must be enrolled in a health plan through your employer to be eligible for an HRA.
Unlike a Flexible Spending Accounts (FSA) or Health Savings Account (HSA), there is no limit on the annual contribution amount for HRAs. However, your employer may limit the expense types that can be reimbursed through your HRA. Your employer will also determine how long contributed funds will remain available, as well as whether or not your account has a grace period, runout period, or annual rollover of funds.