An HRA only covers qualified medical and dental expenses. According to the Internal Revenue Service (IRS), medical expenses are costs incurred to alleviate or prevent a physical or mental ailment, not expenses to maintain general health, such as vitamins.15 ...
Since an HRA isn’t an account, employees can’t withdraw funds for medical expenses like an HSA. They must first incur the expense and then request reimbursement. No matter the type of HRA you offer, you can only reimburse employees for items listed in IRS Publication 502 or the CARES Ac...
An Integrated Health Reimbursement Arrangement (HRA) is a type of employer-sponsored benefit plan that complements a group health insurance plan. Under this arrangement, employees receive health coverage from their employer, which covers specific medical expenses like doctor visits and hospital stays. Si...
What expenses qualify for reimbursement under an HRA? HRAs can reimburse any qualified expense under IRS Section 213(d) of the Internal Revenue Code. You can find a list of these expenses in IRS Publication 502 and the CARES Act. Because many HRAs can reimburse both medical expenses and healt...