Can an individual fund an HRA?

Health reimbursement arrangement (HRA): An Internal Revenue Service (IRS)-sanctioned program that allows an employer to reimburse medical expenses paid by participating employees, thus yielding “tax advantages to offset health care costs."

No, an individual can’t contribute to an HRA, but they may simultaneously participate and contribute to an FSA to cover eligible healthcare expenses on a tax-preferred basis once their HRA funds are exhausted.

Coaches' Takeaway

No, an individual can’t contribute to an HRA, but they can participate in a FSA at the same time, to cover eligible healthcare expenses on a tax-preferred basis once their HRA funds are exhausted.

Tools & Resources

CDHPCoach’s Storage Facility, where the Coach has organized and compiled a vast amount of tools and resources for you to access.

Library

Housed here are key components and information within the book, Bend the Healthcare Trend which was the impetus behind the CDHPCoach.