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Health Reimbursement Arrangements (HRAs)

Helping Employees maximize their healthcare dollars

An HRA is an employer-funded, tax advantaged health benefit used to reimburse employees for out-of-pocket medical expenses and personal health insurance premiums.

Through HRAs, employers reimburse employees directly only after the employees incur approved medical expenses. This feature is especially helpful for businesses that want to retain control over their cash flow.

Advantages of an HRA

Added Coverage: Supplement a group Health Plan with an account to easily help employees bridge the gap of out-of-pocket costs
Tax Benefits: All employer contributions to the plan are 100% tax deductible to the employer and tax-free to the employee
Flexibility: The HRA is the employer’s way to offer a “self-funded” health benefit with control over the cash flow and fund utilization.

More Benefit Spending Account options:

“UMB” – Reg. US. Pat. & Tm. Off.

Funds in an HSA Deposit Account are held at UMB Bank, n.a., Member FDIC. FSAs and HRAs are NOT deposits or obligations of UMB Bank, N.A. and are NOT insured by the FDIC. High-Deductible Health Plans constitute insurance products, which are not offered by UMB Bank, n.a. and are not FDIC-insured.

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