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What is an HRA and how does it benefit me?

A Health Reimbursement Arrangement (HRA) is a benefit provided by your employer that reimburses you for individual health insurance premiu...

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Written by Regina Rovira

A Health Reimbursement Arrangement (HRA) is a benefit provided by your employer that reimburses you for individual health insurance premiums and qualified medical expenses on a tax-free basis. This means the money you receive as a reimbursement is not counted as income, saving you money on taxes.

If your company HRA reimburses for health insurance premiums, you have the flexibility to choose a health insurance plan that fits your unique needs, rather than being limited to a few options under a group plan.

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