We've put together this list of top HRA questions we hear from employees to help other employees on our platform navigate their HRA and enrollment. There will be a lot of questions from both admins and employees, and we're here for it. Our passion is to make health benefits enjoyable for everyone and reach out if we don't answer one of your questions!
We will be closely involved during the initial setup process as well as your employees' onboarding. We'll also be readily available for any support you need as you're on our platform.
An HRA takes the burden of managing a health plan and underlying health risks off of the employer. Instead, your employees choose the healthcare coverage that best suits their needs, and you can simply support them.
How do I use my HRA?
The concept of an HRA is pretty simple, but it’s still a relatively new alternative to traditional group coverage, so it’s likely that your employees will have questions. Today, we’ll answer some of the top HRA questions from employees.
→ Fun reading material for employees: What to expect with my HRA
What insurance plans are compatible with an HRA?
To receive reimbursements through the HRA, you must have HSA-compatible health insurance that qualifies as Minimum Essential Coverage (MEC). Most plans today meet MEC requirements, such as major medical plans purchased from Healthcare.gov, Medicare (A or C), and more.
Plans that do not qualify include: critical illness, indemnity, short-term plans, vision or dental only, and plans that only offer discounts on medical services.
How does an HRA work if I already have my own health plan or are on my spouse’s plan?
If you have a health plan you like already, we can help you determine whether or not it is HRA-compatible. It will depend on what type of HRA you have. If you’re on your spouse’s plan, you can set up recurring reimbursements for these premiums too!
How do I get reimbursed with an HRA?
When you upload proof of coverage, a recurring expense will be set up in your account so you can be reimbursed each month for your premium. Take Command will present your employer with a report each month and your employer will reimburse you on your paycheck. Note: reimbursements come from your employer, not Take Command.
What can I get reimbursed with an HRA?
Your employer reimburses for either health insurance premiums or premiums and qualified medical expenses.
Do I get a premium tax credit (PTC) with my HRA?
Your HRA will offset your tax credits dollar for dollar if you have a Qualified Small Employer HRA. With an individual coverage HRA, it comes down to the affordability of the HRA. The Take Command team will help you determine how this will work for your specific case, calculate your PTCs, and weigh your options.
Can I add funds to my HRA?
No. Your HRA is solely funded by your employer, meaning you can’t add funds to it like you would an HSA.
Do I pay taxes on the reimbursements?
No! That’s what's so great about HRAs. The reimbursements won’t be taxed as income.
What happens to my HRA funds if I leave the company?
The HRA funds stay with your employer, but your health plan will stay with you, helping you avoid costly COBRA or lapses in coverage.
What is proof of coverage?
Proof of coverage is typically your insurance card issued by your carrier.
Where should my employees go if they have questions about their HRA?
We have personal benefits navigators on hand at Take Command that are here to on-board and answer questions along the way! Just chat with us on the right hand bottom of the screen, schedule a call with the enrollment team, or email email@example.com.
We are here to help!
A wife to one and mother to four, Keely does all of the things. She’s also dabbled in personal finance blogging and social media management, contributed to MetroFamily magazine, and is passionate about good food, treasure hunting and upcycling. With a B.S. in Psychology from the University of Oklahoma and a knack for a witty punchline, it’s no surprise that Keely’s social posts are as clever as they get. In her (very little) free time, you’ll find Keely with her nose in a book or trying out a local restaurant with her family.