Health Reimbursement Accounts (HRA) may work in conjunction with any insurance plan. It can be designed to cover specific health expenses, or insurance plan cost-sharing, such as co-pays, coinsurance or a portion of the deductible on a High Deductible Health Plan. HRAs are funded and owned solely by the employer and are utilized for the benefit of employees to cover the cost of medical expenses chosen by you. An employer’s exposure to Federal and State taxes, including Social Security and Medicare taxes can be reduced by an HRA, and your contributions may qualify as a fully deductible business expense. HRAs may allow employees to rollover unused funds through consecutive benefit years, or may be designed to allow unused funds to be rolled back to the employer. BenefitsPlus has partnered with Datapath to provide direct access to HRA funds through the use of the MySource Debit card system, making the claims process easy for your employees.
- TPS Group
- Services
- TPS Group Medical
- Health Reimbursement Accounts

Health Reimbursement Accounts
Health Reimbursement Accounts (HRA) may work in conjunction with any insurance plan. It can be designed to cover specific health expenses, or insurance plan cost-sharing, such as co-pays, coinsurance or a portion of the deductible on a High Deductible Health Plan. HRAs are funded and owned solely by the employer and are utilized for the benefit of employees to cover the cost of medical expenses chosen by you.
Related to: HR Consultant, HR Consulting Firm, Group Medical Consultants, Employee Group Benefits, Group Life & Health Insurance
Further Reading: Health Reimbursement Accounts
Reviews
The Latest News
TPS Talks Newsletter | Nov/Dec 2020 | Issue 3
Posted on Dec 24, 2020
Inside This Issue: Holiday Message from Jim Cantey, Why Hire a 3(16) Fiduciary, CT Paid FMLA Starts 2021, Fresh Start for Your HR Department, Annual Census & Questionaries Stressing You?, Navigating guidance from three governmental bodies to ensure their clients are meeting their fiduciary responsibilities, Tips For Employers Tackling Post-Virus Telework Requests »
Season’s Greetings from TPS Group
Posted on Dec 14, 2020
Each year during the holiday season, we take great pleasure in setting aside time from our regular work to send a heartfelt message to all our Friends and Associates. We hope this letter finds you, your teams, and your families safe and healthy. »
Top Fears of Employees Approaching Retirement
Posted on Nov 18, 2020
Even people who feel they’ve planned well and are ready to retire may experience some trepidation once they actually make the move. »