How HRAs Can Help Your Employees Pay for Medical Expenses
InterWest Insurance Services
MARCH 4, 2022
Fortunately, there is another option: a health reimbursement arrangement (HRA). You can claim a tax deduction for the funds you transfer to your employees’ HRAs, and the funds they withdraw from the accounts to reimburse for medical-related expenses are generally tax-free. It generally reimburses out-of-pocket medical expenses.
Let's personalize your content