The IRS hopes to create a new way to pay for routine health care
The IRS hopes to create a new way to pay for routine care by allowing individuals or families to use their HRAs to pay for direct primary care memberships. The proposed regulation would also let HRA holders use their HRAs to pay for health care cost sharing ministry memberships. A health reimbursement arrangement (HRA) is similar to the health savings account (HSA) but the HRA account value is owned by the employer that set up the HRA program, not the employee. Also, the employee can use an ordinary HRA together with any non-deductible, low-deductible, medium-deductible or high-deductible health insurance whereas HSA is only available with high-deductible health insurance. Read article here…
Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; medicarereport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or medicarereport.org