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Covered California Q&A

Covered California and Obamacare related questions from consumers, employers and agents are answered by Phil Daigle with the best information available at the time. Archived entries may no longer be accurate as the Covered California and Obamacare knowledge-base is evolving quickly. TO REQUEST A PERSONAL RESPONSE INCLUDE EMAIL ADDRESS.

HRA Benefits to Employees

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Question: How does the health reimbursement account work for the employee?

Answer: A HRA fund or account is money that is set aside by your employer and is used toward medical expenses for some your out-of-pocket medical expenses. For example, if you have an annual deductible of $2,500 and a $1,000 fund, up to $1,000 of your medical expenses is paid out of that account. You are then responsible for your remaining expenses up to $2,500, when the high-deductible health insurance coverage kicks in. Health Reimbursement Arrangements (HRAs) get preferential tax treatment - you are not taxed on the amount reimbursed.

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