Health Reimbursement Arrangement

A Health Reimbursement Arrangement (HRA) puts you in control and saves money. It’s an employer-funded account that covers eligible medical expenses such as insurance deductibles, coinsurance, co-payments and prescription drugs. It works in conjunction with a High Deductible Health Plan (HDHP). The employer funds the account, and the HDHP works as a low-cost safety net to cover major health expenses.

A Discovery Benefits HRA:

• Lowers your health insurance premiums

• Puts you in control of how you spend your health care dollars

• Is funded by your employer

An HRA can save 40% or more on healthcare. It’s like an expense account, where the money is tax-free. And if you incur an eligible medical expense, you’re reimbursed – tax-free. The funds are usually carried over each year and are available as long as you’re a participant in the HRA.

A Discovery Benefits HRA is the simplest way to save on your healthcare. We provide fast answers, easy paperwork and extraordinary customer service.