What is a Health Reimbursement Arrangement?
An Health Reimbursement Arrangement (HRA) is a tax-advantaged account funded by your employer to cover your health care costs. The money contributed to this account is not taxed, and you can access these funds to pay for any qualified medical expense for you or your dependents.
Only your employer can contribute to an HRA; no employee contributions are allowed.
Paying for health care is both easier and less expensive with an HRA from ConnectYourCare.
This guide does not constitute tax advice. For more assistance, please contact your tax advisor. You can also find more information in IRS Publication 969 at http://www.irs.gov/pub/irs-pdf/p969.pdf. Please keep in mind that your state might have different tax rules. Always refer to your state’s tax guidance regarding HRA taxation.
“I absolutely LOVE using the mobile app for my HRA!!! It is so easy and convenient to fill out the required information right from my smart phone. I really like how it prompts you for documentation if required, and I especially love the ability to take a photo of my receipt and upload it instantly.”