HRA - Health Reimbursement Agreement
Health Reimbursement Arrangement (HRA) – A health reimbursement arrangement (HRA) is an account-based health plan you can use after becoming claims-eligible, to reimburse your qualified out-of-pocket medical care costs as defined by the IRS. Common qualified expenses include co-pays, deductibles, prescription drugs, retiree insurance premiums, etc. An HRA is not an insurance plan, and you do not pay a premium. Your account is funded with contributions from your employer. Employer contributions, investment earnings, and withdrawals (claims) are tax-free. Contribution amounts are not required to be included on Form W-2 from your employer, and you will not receive a Form 1099 for earnings or withdrawals (claims). Only your employer may contribute to this account. Access to this account is contingent upon enrollment in a qualified plan as offered by your employer. It's important to note that any balance of HRA funds accumulated while enrolled in a qualifying plan is discontinued and returned to the general fund upon termination of enrollment in a qualifying plan.
For more information and customer support, please visit https://americanfidelity.com/support/hra/
American Fidelity How-To Videos
How to File a Reimbursement Account Claim Online How to File a Reimbursement Account Claim in AFmobile
For more information and customer support, please visit https://americanfidelity.com/support/hra/
American Fidelity How-To Videos
How to File a Reimbursement Account Claim Online How to File a Reimbursement Account Claim in AFmobile