HRA Archives

ICHRA and EBHRA: New Employee Healthcare Benefit Accounts

The IRS authorized two new types of healthcare benefit accounts in 2019: the Individual Coverage HRA (ICHRA) and the Excepted Benefit HRA (EBHRA). These were (and remain) pretty big news for businesses

Open Enrollment Tips for Employees

Did you know Santa never holds open enrollment? His staff is sELF-employed! Get it? No? Well, open enrollment can be overwhelming, so I’m trying to lighten the mood and help you get through it more

What is an HRA?

Does an apple a day keep the doctor away? Only if you have good aim! HA HA HA! But what if you don’t have good aim but still need a doctor? An HRA may be able to help you pay for that service. If

PTSD Awareness, Symptoms, and Treatment

Post-Traumatic Stress Disorder, or PTSD, affects an estimated 5% of U.S. adults in any given year and about 6% of the entire population at some point in their lifetime. Learn more about this condition,

What is a Summary Plan Description?

If you receive healthcare benefits from your employer, you should be given access to a Summary Plan Description (SPD). Your SPD provides essential details about your company’s benefits plan

Sleep Relief and Your Benefits

What do you get when you eat cookies in bed? Crumby sleep! Get it, crummy sleep? That joke may or may not be funny, but what’s definitely not funny is when you do get crummy sleep. Getting enough

CDH Benefits Make Halloween Less Scary

Lots of people love Halloween, and Betty and I love to see the kids in their favorite superhero costumes! (Hint, hint!) People show their spirit by decorating houses and lawns, carving pumpkins, and dressing

Can I have an HRA and HSA simultaneously?

As consumer-directed healthcare (CDH) accounts become more popular, people want to know how to make them work best. I’m often asked if someone can simultaneously have an HRA and an HSA. The answer

How to Become a Better Healthcare Consumer

What is the difference between a patient and a healthcare consumer? Many consider the terms synonymous, but there are some distinct differences. Primarily, a patient receives care, but a healthcare consumer

Captain Contributor Explains ICHRAs

Captain Contributor Explains ICHRAs An Individual Coverage Health Reimbursement Account, or ICHRA, is a special type of HRA that employers can use to help employees obtain health insurance

Back to School and Your Benefits Accounts

Every parent knows how expensive the back-to-school period can be. In addition to clothing and school supplies, there are eye exams, updated eyeglass and contacts prescriptions, sports physicals, dental

Top 5 Reasons You Need a Benefits Debit Card

Does your company sponsor Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), Health Savings Accounts (HSAs) or Transit/Commuter benefit accounts? If they do, they may offer you

FSA, HRA and HSA Benefits Funds on Debit Cards

In a 2019 survey, GOBankingRates found that more than 37% of Americans preferred using cash to credit and debit cards. Since then, the pandemic has shifted many of those opinions as people became concerned

HRA Basics: Contributions, Eligible Expenses and More

Health Reimbursement Arrangements (HRAs) are employer-owned benefit accounts that allow employees to use tax-free money to pay for qualified medical expenses. This HRA overview will highlight information

Holiday Tips to Help You Spend Your FSA and HSA Dollars

If enrolled in a Flexible Spending Account (FSA), you may be looking for ways to spend down your balance before the plan year ends. I’ve got some ideas to help you use up those remaining FSA dollars.

Eye Care During a Pandemic

Eye care during a pandemic may not seem like a top priority. Taking care of our eyes is always important, both for how we see the world and how the world sees us. But, the COVID-19 pandemic has caused

Qualified Healthcare Expenses for FSAs and HSAs

When you participate in a healthcare benefits account, such as a Flexible Spending Account (FSA) or Health Savings Account (HSA), you set aside money to help cover out-of-pocket healthcare expenses. With

COVID-19 PPE Eligible For FSA, HRA, HSA

In March 2021, the IRS released Announcement 2021-7, which qualifies PPE bought for the primary purpose of fighting COVID-19 as eligible medical expenses under section 213(d) of the Internal Revenue

How Does an HRA Work?

Many employers offer Health Reimbursement Arrangements (HRAs) as part of their benefits package. While most people understand how a Flexible Spending Account (FSA) or Health Savings Account (HSA) works,

VIDEO: Captain Contributor Explains Benefits Mobile Apps

Captain Contributor Explains Benefits Mobile Apps Smartphones are probably an everyday part of your life, but did you know you can use them for easy access to your benefits accounts? Whether

HRA Plan Types: An Infographic by Captain Contributor and Betty the Benefactress

Health Reimbursement Arrangements (HRAs) are a key part of consumer directed healthcare and employer-sponsored benefits. In recent years, HRAs have had renewed interest from both employers and workers

Tips for Reducing Medical Costs for Healthcare Consumers

The cost of healthcare may be a sizable portion of person’s or families’ annual expenses. Therefore, it is important for people to know how they can become better healthcare consumers

VIDEO: Captain Contributor Explains Benefits Debit Cards

Captain Contributor Explains Benefits Debit Cards No matter where you go – doctors’ offices, grocery stores, retail shops, and more – you can use a debit or credit card to pay for

FSA vs HRA vs HSA: A Comparison with Chart

Healthcare benefits accounts can be confusing. On first glance, Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), and Health Savings Accounts (HSAs) look very similar. However,

HRA Overview

Health Reimbursement Arrangement (HRA) Overview An HRA is an employer-sponsored benefit account funded ONLY by the employer. These accounts help employees pay for qualified healthcare expenses.

Category Archives for HRA