Review:
Health Reimbursement Arrangements (hras)
overall review score: 4.2
⭐⭐⭐⭐⭐
score is between 0 and 5
Health Reimbursement Arrangements (HRAs) are employer-funded plans that reimburse employees for out-of-pocket medical expenses and allow unused funds to roll over from year to year.
Key Features
- Employer-funded
- Reimburse employees for medical expenses
- Roll over unused funds
Pros
- Helps employees cover out-of-pocket medical expenses
- Unused funds can be rolled over
- Tax benefits for employers
Cons
- Dependent on employer funding
- May not cover all medical expenses
- Limited flexibility compared to other health plans