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
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.
HRAs are funded by the employer to help offset out-of-pocket healthcare costs. Funds are tax-free for the employer and employee.
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
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.
Helping employees pay for everyday medical expenses can aid in employee retention and recruitment.
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.