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Health Reimbursement Arrangements (HRAs)
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What is a Health Reimbursement Arrangement (HRA)?
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A tax-advantaged account used to reimburse employees for qualified medical expenses
💡 Explanation:
A Health Reimbursement Arrangement (HRA) is a tax-advantaged account that employers can offer to their employees to help them pay for qualified medical expenses. HRAs are funded by employer contributions and can be used to reimburse employees for a variety of expenses, including deductibles, copayments, and coinsurance.