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margin-bottom: 1rem;
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width: 100%;
}
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padding-top: 0;
padding-right: 0;
padding-bottom: 3rem;
padding-left: 0;
}
.richtext-block-component[data-kontent-id="d31b313b-312c-01b0-bb08-8ef0aa84e2b6"] h1,
.richtext-block-component[data-kontent-id="d31b313b-312c-01b0-bb08-8ef0aa84e2b6"] h2,
.richtext-block-component[data-kontent-id="d31b313b-312c-01b0-bb08-8ef0aa84e2b6"] h3,
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.richtext-block-component[data-kontent-id="d31b313b-312c-01b0-bb08-8ef0aa84e2b6"] h6 {
color: #f7008c;
text-align: left;
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.richtext-block-component > *:last-child {
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Benefits of HRAs
One of the biggest benefits of an HRA is that contributions are tax deductible to the employer and tax-free to the employee, so it's a win-win.
HRAs also provide a lot of flexibility because it's essentially self-funded by the employer. You can choose to fund claims after the employee pays the first few hundred dollars of their deductible instead of the employer paying the claims that are initially subject to the deductible. Employers can also set up different types of arrangements, like deciding to offer reimbursements on the frontend or backend of the employee's requirement (backend is often a better solution because they ensure the employee is still responsible for some costs), or an employer can decide to pay certain "large ticket" items like an ER visit while the employee pays for a regular office visit.
With an HRA the employer can cap the amount they are going to spend for each enrollee, each year. The employer can also set it up as "use it or lose it" each year or allow for some level of "carryover" to the next plan year.
Lastly, HRAs can sometimes be less confusing for employees, particularly if the plan design is simple, so you may get more participants.
The one drawback of an HRA is since employers have more control over the plan, there are added administrative and record-keeping needs. Employers who are subject to COBRA, will also be required to administer COBRA for certain HRA plans.