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The comprehensive guide tithe SMALL BUSINESS HRA Everything you need to know to start offering reimbursement benefitsCopyright PeopleKeep, Inc., 2017. PeopleKeep is a registered trademark of PeopleKeep,
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Business HRA, or Health Reimbursement Arrangement, is a type of employer-funded health benefit plan that reimburses employees for out-of-pocket medical expenses and health insurance premiums.
Employers with a business HRA plan are required to file the necessary documentation for tax and reporting purposes.
To fill out a business HRA, employers must accurately report information such as employee reimbursements, eligible expenses, and contribution amounts.
The purpose of a business HRA is to help employers provide a tax-efficient way to offer health benefits to their employees.
Information such as employee names, reimbursement amounts, eligible expenses, and plan contributions must be reported on a business HRA.
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