What Does Health Reimbursement Arrangement Mean?

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What does Health Reimbursement Arrangement mean? Read on to discover the definition & meaning of the term Health Reimbursement Arrangement - to help you better understand the language used in insurance policies.

Health Reimbursement Arrangement

Health Reimbursement Arrangement

A health reimbursement arrangement (HRA) is an IRS-approved medical reimbursement plan initiated and funded by an employer that reimburses employees for individual health insurance premiums and out-of-pocket medical expenses, such as deductibiles, coinsurance, and copay.

We hope the you have a better understanding of the meaning of Health Reimbursement Arrangement.

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