Hra how does it work

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We dive more into how this works in this article. Employers can provide employees with several different options for health benefits. In this article, we break down the major elements of an HRA and how they can help pay for your health care expenses. A health reimbursement arrangement is a special employer-funded account dedicated for employees. Employees can use this account to help pay for out-of-pocket medical expenses. Your employer must offer the HRA, as it is not a health account available to individuals.

Employers can define what expenses their HRA provisions cover. Some of these common expenses include dental and vision expenses, and prescription drug costs.

Think of it more like an account in which your employer gives you a monthly allowance of tax-free money. Employees can then use those tax-free funds on qualified healthcare expenses. Your HRA is fully funded by your employer, who determines the amount in your account and what medical expenses qualify for reimbursement. And since employer funds deposited in your HRA are not considered part of your income, qualified reimbursements are tax-free.

HRA Claims Integration saves time and eliminates hassle by substantiating claims and paying your health provider directly on your behalf. You save time since you no longer need to file separate claims for medical expenses that apply to your deductible such as doctor office visits, urgent care visits, or outpatient surgery.

Your employer may provide you with a debit card to be used for eligible HRA expenses. Who is this for? After you log in: On the Blue Cross mobile app, look for the health spending account icon on the home screen On our website, look for the health spending account link under My Coverage.

How do Blue Care Network health reimbursement arrangements work?