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Health Reimbursement Account

Health reimbursement accounts (HRA) allows employees to pay eligible health care costs tax free. Accounts are funded by the employers and are not portable. Balances may roll over at year-end but do not accrue interest. Accounts may be offered with a high-deductible health plan or alone.

  • Tax-free contributions
  • Control over expenses covered
  • Flexible plan design

Sponsor Benefits

HRAs are a valued employee benefit that offer you flexibility and control. You decide which eligible expenses to cover and whether to roll over year-end balances. You also decide whether to offer accounts in conjunction with high-deductible health plans (HDHP) or alone.

  • Specify which IRS-eligible expenses to cover
  • Choose whether to roll over year-end balances
  • Opt to offer in conjunction with a high-deductible health plan

Shifting health care spending from a traditional plan to an HRA and HDHP combination may reduce premium and utilization costs, while still allowing you to provide rich benefits.

  • Opportunity to reduce premium costs
  • Potential for reduced utilization costs

The following services are offered through SHDR, a division of BB&T:

  • Plan design and enrollment assistance
  • Benefits communication
  • Auto substantiation and reduced claims paperwork with HRA debit card
  • Online account management

Participant Benefits

An HRA allows employees to pay current eligible out-of-pocket health care costs tax-free. If you allow year-end balances to roll-over, employees can also save for future expenses. If you offer the HRA in conjunction with an HDHP, employees who contribute to their health care premiums will pay a reduced cost for their benefits.

  • Withdrawals for eligible health care costs are tax free
  • Benefit Access Visa® Debit Card allows easy access to funds
  • Online account management
  • Year-end balance may roll over
  • Health plan premiums may be reduced

Online Account Access

Plans sponsors and participants have 24/7 access to account information and educational material online.

Sponsor Access

  • Enroll new participants
  • Update employee addresses and other personal information
  • View consolidated accounts
  • Generate reports
  • Find answers to common employee questions

Participant Access

  • Check balance and personal information
  • Download claim forms
  • Review lists of eligible expenses
  • Find participating pharmacies and other merchants
  • Get answers to common questions

Get Assistance

By Phone

Call 800-866-2288 weekdays 8:30 a.m. to 5:30 p.m. ET.

By Email

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