A consumer-driven health plan in which the plan member is reimbursed for covered health expenses by his/her employer up to a predetermined amount. Unused funds may be carried over to the next year, subject to limits set by the employer.
A Health Reimbursement Arrangement or HRA is a combination of any health insurance policy state approved as an employee benefit plan and a separate arrangement to reimburse employees for all or a portion of the qualified medical expenses not paid by the health insurance policy. An HRA is quite often referred to as a Health Reimbursement Account (Accounts); however it does not require the establishment of a separate funding account, as does a Medical Savings Account (MSA) plan.
An employer-funded plan where the employer reimburses employees and the employee's dependents for medical care expenses up to a maximum dollar amount for the coverage period.