Health reimbursement accounts (HRA) are employer-funded tax-advantaged accounts, designed to help employees save money on the high costs associated with healthcare. By setting aside a specific amount of pre-tax dollars in an HRA, employers help their employees offset expensive medical bills and provide them with an “allowance” to use should an expense occur.
If your employer chooses to provide an HRA, they will give you access to a funded, individual account, which you can use to pay for eligible medical expenses. The employer will define what expenses they determine “eligible” and what you are able to use the funds for (e.g. specified out-of-pocket expenses such as deductibles or copays).
Items to note:
You must be enrolled in your employer’s medical plan to participate in their HRA plan.
Quickly and conveniently pay for qualified medical expenses with your MyAmeriflex Card. When swiped at eligible merchants, the funds will be automatically be withdrawn from your HRA account and (in most cases) eliminates the hassle of having to verify the eligibility of an expense later on.
Convenience and award-winning customer service – right at your fingertips! With the MyAmeriflex Mobile App, you can access your account from anywhere. Check your account balance, right from your mobile phone.
Account management just got easier. By logging into MyAmeriflex, you can gain access to resources aimed at helping you maximize the value of your HRA plan. In addition to managing all aspects of your account, you can also access interactive how-to’s, spending calculators, and more.