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Health Reimbursement Arrangement (HRA)
Practical Law Glossary Item 4-505-2299 (Approx. 2 pages)
Glossary
Health Reimbursement Arrangement (HRA)
Also known as a health reimbursement account. A self-insured medical reimbursement plan funded solely by employer contributions and not through salary reductions that:
- Reimburses some or all of the Internal Revenue Code Section 213(d) medical care expenses of participating employees, spouses, and dependents up to a maximum dollar amount for a coverage period (26 U.S.C. § 213(d)).
- Allows participants to carry forward unused amounts remaining at the end of the coverage period for use in subsequent coverage periods.