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Some of the more common expenses that HRAs can help pay for include: Monthly premium payments. Payments toward a deductible. Copays. Routine doctor's visits. Hospital expenses. Dental care. Blood pressure monitors. Vision care, including eyeglasses, contact lenses and exams.
You can use your WageWorks® Healthcare Card associated with your HRA to pay for eligible healthcare products and services. You can arrange to have your healthcare provider be paid directly from your HRA. You can also be reimbursed for eligible expenses you pay out of pocket.
HRAs for retirees allow retired employees to use the funds allocated to their account to pay for health expenses during retirement, such as medical care, prescription drugs, and many health insurance premiums. Essentially, this product allows retirees to use their HRA dollars when and where they need it most.
An HRA, or health reimbursement arrangement, is a kind of health spending account provided and owned by an employer. The money in it pays for qualified expenses, like medical, pharmacy, dental and vision, as determined by the employer.
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