What is another word for health reimbursement account?

Pronunciation: [hˈɛlθ ɹˌiːɪmbˈɜːsmənt ɐkˈa͡ʊnt] (IPA)

A health reimbursement account(HRA) is a type of health plan that employers can provide to their employees. It allows employees to receive tax-free reimbursements for qualified medical expenses. However, there are some other names for this account, such as a health savings account(HSA) and a flexible spending account(FSA). Although they function similarly, HSA and FSA have certain differences. HSAs are accompanied by high-deductible health plans, while FSAs do not necessarily require a specific type of insurance. Additionally, FSAs have a "use it or lose it" policy, while HSAs have no such restriction. In some cases, employers may use these terms interchangeably, so it's essential to understand the meaning of each account type before selecting a health plan.

Synonyms for Health reimbursement account:

  • Other relevant words:

What are the hypernyms for Health reimbursement account?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Related words: HRAs, HRA providers, HRA plans, HRA account managers, HRA providers near me, HRA providers reviews

Related questions:

  • What is an hr account?
  • How do hras work?
  • How do i get a hra?
  • What is the best hra provider?
  • Word of the Day

    most onthefence
    Most onthefence refers to someone who is hesitant or indecisive about a particular issue. To describe the opposite of someone who is most onthefence, one could use words such as co...