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HRA without health insurance
originally posted: 11/22/2006
reposted: 2/18/2011 This post has not
been recently reviewed or revised by the author and may be out of date.
If you notice an error or are in doubt, please send a new question by
email or ask for an update. Email asktony@tonynovak.com.
Q: Can a Health Reimbursement
Arrangement be setup without having a health insurance plan?
A: Yes. There is no required
relationship between heath insurance and an employer-provided health
reimbursement arrangement (HRA). On the other hand, it would not make
sense to prohibit employees from using HRA funds to cover their health
insurance costs. Business owners and key employees will prefer to keep
the insurance payments entirely outside of and apart from the HRA in
order to maximize their tax-free benefits since insurance is already
tax-free. See the articles and information at
http://www.freedombenefits.org/hra.htm .
Summary
More resources:
http://www.freedombenefits.org
