Health Reimbursement Arrangement (HRA)

Tax-Free reimbursement for everyday health expenses

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Overview & Eligibility

A health reimbursement arrangement (HRA) allows employers to reimburse employees tax-free for qualified medical expenses not covered by their health plan. An HRA is funded solely by the employer. Employees use HRA funds for qualified medical expenses using an Ameriflex Debit Mastercard® or by submitting a claim for reimbursement. HRA eligibility can differ by employer depending on their needs and plan configuration.

Employers decide how much they will put into the HRA.

Remaining balances may roll over from year to year, depending on how the employer designs the plan.

The Value for Employees

Save on Eligible Expenses

Employees can spend HRA funds on deductibles, coinsurance, copays, prescriptions, dental services, over-the-counter medicine, and other qualifying expenses, as determined by their employer.

Employer Funded

HRAs are funded by the employer to help offset out-of-pocket healthcare costs. Funds are tax-free for the employer and employee.

Easy Spending and Account Management

Employees will receive an Ameriflex Debit Mastercard® linked to their HRA. Employees can use their card for eligible purchases everywhere Mastercard® is accepted. Account information can be securely accessed 24/7 online and through the mobile app.

The Value for Employers

Cost Savings

HRA contributions are tax deductible. Employers can even reimburse different amounts for single and family participants, as well as decide what the HRA covers, such as deductibles, copays, prescriptions, over-the-counter medications, etc.

Employee Engagement

Helping employees pay for everyday medical expenses can aid in employee retention and recruitment.

Expert Support

Healthcare is complicated. The Ameriflex Client Relationship Team is eager to answer questions and provide assistance. Our 85+ Net Promoter Score (NPS) far exceeds the healthcare average.

Card Swipe Guarantee

One-of-a-kind in the industry, the new Card Swipe Guarantee is a feature offered to all Ameriflex FSA and HRA customers where Ameriflex will take on the compliance liability around documentation. Our advanced technology allows us to ensure that participants’ FSA and HRA-eligible card transactions will go through without requiring them to submit further documentation.

What does this mean for you?

You can be confident that your clients’ participants’ claims are legitimate.
Your clients’ participants don’t have to worry about their card swipe being denied at the point of sale for qualified purchases.
Your clients’ participants can enjoy a frictionless claims experience.
In the event of an IRS audit or an IRS challenge to any qualified paid expense, Ameriflex will assist in satisfying any IRS enquiry.

Learn more here.

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