What are qualified HRA expenses?
HRAs can be used to pay for qualified medical expenses, which include prescription medications, insulin, an annual physical exam, crutches, birth control pills, meals paid for while receiving treatment at a medical facility, care from a psychologist or psychiatrist, substance abuse treatment, transportation costs …
What can I use my HRA debit card for?
You can use the debit card at merchants and health care providers that accept VISA® and are providers of qualified medical services. Use it for expenses such as office visit copays, hospital deductibles, prescription copays, and other services that may be covered services under your health plan.
Can HRA money be used to pay premiums?
A Health Reimbursement Arrangement (HRA) isn’t traditional health coverage through a job. Your employer contributes a certain amount to the HRA. You use the money to pay for qualifying medical expenses. For some types of HRA, you can also use the money to pay monthly premiums for a health plan you buy yourself.
What is an individual coverage HRA?
The individual coverage Health Reimbursement Arrangement (HRA) is an alternative to offering a traditional group health plan to your employees. Employees must be enrolled in individual health insurance coverage (like a plan they bought through the Marketplace) to use the funds.
What does an HRA account cover?
An HRA, or health reimbursement arrangement, is a kind of health spending account provided and owned by an employer. The money in it pays for qualified expenses, like medical, pharmacy, dental and vision, as determined by the employer.
Can I buy tampons with HRA?
Tampons are eligible for reimbursement with a flexible spending account (FSA), health savings account (HSA), and a health reimbursement arrangement (HRA). Tampons are not eligible with a limited-purpose flexible spending account (LPFSA) or a dependent care flexible spending account (DCFSA).
Can I use HRA for prescriptions?
Unlike an FSA or an HSA, HRAs are employer funded. To help you afford those needed drugs and medicines, your employer may make prescriptions eligible for reimbursement under your HRA.
How do I spend my HRA?
HRA – You can use your HRA to pay for eligible medical, dental, or vision expenses for yourself or your dependents enrolled in the HRA. Your employer determines which health care expenses are eligible under your HRA.
How do I know if I have an individual Coverage HRA?
If your employer is offering an individual coverage HRA, you’ll get a notice. It will explain that there are different kinds of HRAs, but the HRA your employer is offering to you is an individual coverage HRA. It will also say if the HRA offer extends to other household members.