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HRA IMPLEMENTATIONGUIDE Integrated health reimbursement arrangements (Has)THE POWERFUL & easy HRA2013 2016 HealthEquity All rights reserved.SOLUTIONTable of contents Easy execution4Timeline5Phase
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HRA (Health Reimbursement Arrangement) implementation involves setting up and administering a tax-advantaged benefit plan that helps employees pay for qualified medical expenses.
Employers are required to set up and maintain the HRA for their employees, but individual employees do not file for HRA implementation.
Employers can work with a benefits administrator or HR consultant to set up and administer an HRA for their employees, ensuring compliance with all regulations and reporting requirements.
The purpose of HRA implementation is to provide employees with a tax-advantaged way to pay for qualified medical expenses, while also helping employers control healthcare costs.
Employers must report details of the HRA plan, contributions, reimbursements, and other relevant information to ensure compliance with IRS regulations.
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