What is a Health Reimbursement Account?

The HRA Account enables employers to purchase a higher deductible or out-of-pocket plan from their insurance company. Your employer 

may then choose to offer a reimbursement to employees out of the savings. Unused account balances are flexible and may be carried
forward from year to year. These accounts can also be utilized at retirement to offset Medicare payments or to subsidize COBRA.  

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There are several types of HRA Accounts including Deductible Gap HRAs, Comprehensive HRAs, Limited HRAs, and HRAs combined with
Flexible Spending Accounts. Please refer to your Enrollment Packet for your HRA Plan specifics.