Healthcare - HRA

Wellness Reimbursement Arrangement

  • Employer reimburses participant for qualified expenses relating to wellness.
  • Expenses are determined by employer. Examples: health risk assessments, gym/health club membership, weight loss and smoking cessation programs.

Why?

Participant Benefits

  • Way to offset medical expenses and incentivize a healthy lifestyle.
  • Employer-funded and don’t pay taxes on employer contributions.
  • Improves financial & mental wellbeing.

Employer Benefits

  • All contributions are tax-deductible.
  • Determine eligibility and expenses covered.
  • Improves recruiting, retention and engagement.