What does HRA mean?
Health Re-imbursement Accounts are designed with small businesses in mind. They are saving accounts that an employer owns and sets up to cover expenses that a companys health plan may not cover for the employees on the plan. Some examples would be in hospital deductibles, co-payments, and co-insurance expenses. In a nut shell, this is a way that companies can self-insure their employees for certain expenses, and buy a health plan that picks up the remaining expenses.
